Fintech Startup Chime Submits Confidential Filing for IPO.

Chime Financial Inc., a fintech startup specializing in no-fee banking services, has submitted a confidential filing for an initial public offering (IPO) with the US government. The company, which offers digital-first mobile banking services, is part of a growing trend of asset-light financial technology companies. Chime has raised $2.65 billion from investors and plans to go public in 2025, with Morgan Stanley as the lead underwriter. [Extracted from the article]