Profile of neobank Chime, which has 8M accounts, is reportedly valued at $5.8B, and will soon offer 1.6% interest on savings, compared to industry average of 1% (Julie Verhage/Bloomberg)

Julie Verhage / Bloomberg:
Profile of neobank Chime, which has 8M accounts, is reportedly valued at $5.8B, and will soon offer 1.6% interest on savings, compared to industry average of 1%  —  In Silicon Valley, entrepreneurs and venture capitalists are making big bets that the future of banking is digital …


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