US FinTech Chime is said to be considering an initial public offering (IPO).
In Brief:
Reuters reports the IPO could leave Chime valued at $30bn.
CEO Chris Britt said in September the business could list in 12 months, but was looking at the best options to do so.
New reports add it could happen by the end of this year.
What does this mean?
Chime has been around since 2013 and offers digital banking services, including a debit card and finance management app. Online banking has seen a huge uptick over the past year, and sources cited by Reuters say that Chime is keen to take advantage of this.
