Latham & Watkins Represents SoftBank Vision Fund 2 in Chime Financials’ US$750 Million Funding Round

Firm represents the lead investor in the financial technology company’s latest funding round.

August 13, 2021

Chime Financial Inc., the company that provides checking and savings accounts and introductory credit cards to consumers through its popular smartphone app, has announced it raised US$750 million in its latest funding round, in a move that values the financial-technology startup at about US$25 billion.

Latham & Watkins LLP represents SoftBank Vision Fund 2 in the financing with a corporate deal team led by Bay Area partners Saad Khanani and Ben Potter, with Bay Area associate Tulin Gurer.

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.