Daily Archive: September 19, 2020

This fintech is now more valuable than Robinhood

Move over, Robinhood—Chime is now the most valuable U.S.-based consumer fintech.

According to CNBC, Chime, a so-called neobank that offers branchless banking services to customers, is now worth $14.5 billion, besting the price tag of massive retail trading platform Robinhood at around $11.2 billion, as of mid August, per PitchBook data. Business Insider also reported about the possible new valuation earlier this week.

Chime locked in its new valuation via a Series F funding round to the tune of $485 million from investors including Coatue, ICONIQ, Tiger Global, Whale Rock Capital, General Atlantic, Access Technology Ventures, Dragoneer, and DST Global, per CNBC.

The fintech has seen massive growth over its seven-year life. Chime first reached one million users in 2018, and has since added millions of customers, although the company has not said how many users it currently has in total. Chime provides banking services through a mobile … Read More

Ethiopia files terrorism charges against leading opposition activist By Reuters

© Reuters. FILE PHOTO: Jawar Mohammed, an Oromo activist and leader of the Oromo protest speaks during a Reuters interview at his house in Addis Ababa

ADDIS ABABA (Reuters) – Ethiopia has filed terrorism charges against a prominent media mogul and opposition politician from the Oromo ethnic group, Jawar Mohammed, the attorney general’s office said on Saturday.

Jawar, founder of the Oromiya Media Network and a member of the Oromo Federalist Congress party, was arrested in June amid the widespread unrest that followed the assassination of popular Oromo musician Haacaaluu Hundeessaa.

Jawar and 22 other activists, including Oromo opposition leader Bekele Garba, face charges relating to the violation of anti-terrorism laws, telecom fraud laws and firearms laws, the attorney general’s office said in a statement on social media.

Those charged include journalists and scholars. Bekele is a senior leader of the Oromo Federalist Congress.

They will appear in court on

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