Fintech Startup Chime Submits Confidential Filing for IPO (1)

Chime Financial Inc., a financial technology company focused on no-fee banking services, has submitted a confidential filing with the US government for its initial public offering, according to people familiar with the matter.

The company aims to go public in 2025, said the people, who asked not to be identified because the information is private. The IPO timing is not finalized and the plans could still change, they added.

Chime provides a digital-first mobile banking offering, though it does not operate as a bank itself, and is among a wave of such companies that have emerged around the world ...