Description: The fintech world has a new heavyweight. Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $14.5 billion, CNBC has learned exclusively.

Source: CNBC.com

Date: Sep 18, 2020

Link: https://www.cnbc.com/2020/09/18/chime-is-now-worth-14point5-billion-surging-past-robinhood-as-the-most-valuable-us-consumer-fintech-.html

Questions for discussion:

• What does the report say to help explain the success of Chime?
• Do you think there will be more competitors entering this field?
• How would you expect the traditional banks to respond?