Move more than, Robinhood – Chime is now the most effective U.S.-based consumer fintech.

According to CNBC, Chime, a so-called neobank offering branchless banking services to customers, is now worth $14.5 billion, besting the sale price of significant retail trading wedge Robinhood at around $11.2 billion, as of mid August, a PitchBook details. Business Insider also claimed about the possible brand new valuation earlier this week.

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

The fintech has viewed massive growth over the seven-year lifespan of its. Chime first arived at one million owners in 2018, and also has since additional large numbers of consumers, nonetheless, the company has not said the number of customers it presently has in complete. Chime supplies banking providers via a mobile app as well as no-fee accounts, debit cards, paycheck advancements, and simply no overdraft charges. Over the course of the pandemic, financial savings balances reached all time highs, CEO Chris Britt told Fortune back in May.

Britt told CNBC the competitor bank is going to be poised for an IPO in the following twelve weeks. And it’s up in the air whether Chime will go the means of others just before it and get a special goal acquisition business, or maybe SPAC, to go public. “I probably get phone calls from 2 SPACS a week to see in the event that we are interested in getting into the marketplaces quickly,” Britt told CNBC. “The reality is we have a number of initiatives we want to complete with the following twelve months to put us in a position to be market-ready.”

The opposition bank’s quick progress hasn’t been with no troubles, however. As Fortune reported, again in October of 2019 Chime endured a multi-day outage which left a lot of clients not able to access their funds. Following the outage, Britt told Fortune in December the fintech had increased capability as well as stress testing of its infrastructure amid “heightened attention to carrying out them in a more arduous option offered the pace as well as the size of development that we have.”