Contemporary reporting described Chime's September 2020 Series F as a USD 485 million financing at a USD 14.5 billion valuation. An amended SEC Form D for an offering whose first sale was September 18, 2020 disclosed USD 533,828,122 sold by its October 15 signature date.
The press report and the filing therefore retain different stated amounts and reporting dates. The filing also listed a total offering size of USD 599,999,961 and USD 66,171,839 remaining, so its sold total describes the registered offering rather than a second separately reported financing round.
Chime offers fee-free mobile banking services including checking accounts, high-yield savings, and credit-building products through its mobile-first platform.
The company provides early direct deposit, automatic savings features, SpotMe fee-free overdraft protection, and MyPay earned wage access to its members.
