The Northwestern Mutual-backed alternative bank is reportedly seeking to more than triple its valuation from its last round in March.

Chime, the US-based digital bank operator that counts financial services firm Northwestern Mutual as an investor, is near to raising an undisclosed amount at a $5bn-plus valuation, Axios reported yesterday. The valuation was echoed to Bloomberg by a person close to the matter, who said the round would likely be led by DST Global, the…

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