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Varo on track to be profitable by 2023 even as losses pile up
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Digital payment firms are prime for open banking partnerships
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Round: Series F
Description: San Francisco-based Chime is a fintech company that helps its members avoid bank fees, save money automatically, and lead healthier financial lives. Founded by Chris Britt and Ryan King in 2013, Chime has now raised a total of $1.5B in total equity funding and is backed by investors that include $1.5B.
Investors in the round: Access Technology Ventures, Coatue, Dragoneer Investment Group, DST Global, General Atlantic, ICONIQ Capital, Tiger Global Management, Whale Rock Capital Management
Funding month: September
Founders: Chris Britt, Ryan King
Founding year: 2013
Total reported equity funding: $1.5B
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