Chime Financial Inc. today became the most valuable financial technology startup in the U.S. after announcing that it has closed a $485 million round at a $14.5 billion valuation.

The investment is the third raised by the startup in six months. Chime is now worth about nine times as much as it was in March, when a $200 million round led by DST Global first catapulted it into the unicorn club.

San Francisco-based Chime operates a popular consumer banking service that consumers can access via their mobile devices. The startup offers checking and savings accounts that do away most of the fees traditional banks charge for actions such as ATM withdrawals. Chime also doesn’t require a monthly subscription to use its service.

https://siliconangle.com/2020/09/18/mobile-banking-startup-chime-lands-485m-mega-round-14-5b-valuation/