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Chime Nearing New Funding Round at $5 Billion Valuation

Chime online banking
Source: Chime

Chime, an online banking startup with more than 5 million customers, is close to raising new funding from investors at a valuation that could be north of $5 billion, according to a person familiar with the matter. 

The funding round is slated to be led by DST Global, said the person, who asked not to be identified discussing private information. DST also led the company’s previous funding round that closed in March, which valued Chime at about $1.5 billion. DST has invested in a number of high-profile fintech startups including Robinhood Markets Inc., Brex Inc. and Stripe Inc.