Chime Closes in on $300mn in Fresh Capital

American Banker reports that digital banking startup Chime is close to raising $300mn in fresh capital; DST Global is said to lead the round and the final number could change as they get near closing; the company was last valued at $500mn in May 2018, the new round would value the startup at more than $1.5bn; this is part of a bigger trend of big rounds for digital banking startups as investors believe there is room to disrupt traditional banks. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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