U.S. mobile bank Chime raises $200 million, valuing its business at $1.5 billion

San Francisco-based mobile banking startup Chime announced this morning it has raised an additional $200 million in Series D financing led by DST Global, valuing its business at $1.5 billion. The oversubscribed round also included participation from new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group, along with existing investors Menlo Ventures, Forerunner […]

View More U.S. mobile bank Chime raises $200 million, valuing its business at $1.5 billion

Step targets teens and parents with a no-fees mobile bank account and Visa card

A new mobile banking startup called Step wants to help bring teenagers and other young adults into the cashless era. Today, cash is used less often, as more consumers shop online and send money to one another through payment apps like Venmo. But teenagers in particular are still heavily burdened with cash — even though […]

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Mobile bank Chime picks up credit score improvement service Pinch in all-stock deal

Chime, the no-fees mobile bank valued at $500 million as of its last round, has put some of its funds to use with its first acquisition. The deal is for Pinch, a startup that was focused on helping millennials and other young adults build better credit. It was best known for a service called PinchRent, […]

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Seattle’s new venture firm, Flying Fish, holds a first close on its targeted $80 million fund

The founding partners of the new Seattle-based venture firm Flying Fish  met as angel investors deploying capital in the talent-heavy, cash-light region around Amazon and Microsoft’s corporate headquarters. “We’ve underperformed relative to the talent pool,” is how Heather Redman, one of the firm’s three founding partners describes the region. Well, now Flying Fish has held […]

View More Seattle’s new venture firm, Flying Fish, holds a first close on its targeted $80 million fund

Revolut merges mobile banking with cryptocurrency trading

 Revolut is merging traditional banking and cryptocurrency to let you buy, sell, trade, and hold Bitcoin, Litecoin, and Ether alongside 25 world fiat currencies. The $90 million-funded mobile banking startup is trying to erase the divide between old and new money. Revolut‘s CEO Nikolay Storonsky announced on stage today at TechCrunch’s Disrupt Berlin conference that… Read More

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Challenger bank Monzo raises another £71M from Goodwater Capital, Stripe and Michael Moritz

 Monzo, one of a number of “challenger” banks in the U.K. aiming to re-invent the current account, continues to be on a roll, both in terms of user numbers and now a significant new funding round. Read More

View More Challenger bank Monzo raises another £71M from Goodwater Capital, Stripe and Michael Moritz