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

According to CNBC, Chime, a so-called neobank that provides branchless banking services to clients, has become worth $14.5 billion, besting the asking price of massive list trading wedge Robinhood at about $11.2 billion, as of mid August, per PitchBook details. Business Insider also reported about the potential brand new valuation earlier this week.

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

The fintech has seen massive advancement over its seven year life. Chime first come to one million owners in 2018, and has since added large numbers of purchasers, though the company hasn’t said how many customers it presently has in complete. Chime provides banking providers by way of a mobile app as well as no-fee accounts, debit cards, paycheck advances, and no overdraft fees. Over the course of the pandemic, savings balances reached all time highs, CEO Chris Britt told Fortune returned in May.

Britt told CNBC the competitor savings account would be poised for an IPO within the next 12 months. And it is up in the air whether Chime will go the way of others before it and opt for a specific objective acquisition organization, or maybe SPAC, to go public. “I likely get messages or calls from two SPACS a week to determine in the event that we’re thinking about getting into the market segments quickly,” Britt told CNBC. “The truth is we’ve a selection of initiatives we desire to complete with the next twelve months to set us in a spot to be market-ready.”

The challenger bank’s fast growth has not been with no difficulties, however. As Fortune noted, back in October of 2019 Chime suffered a multi-day outage which left many customers not able to access the money of theirs. Sticking to the outage, Britt told Fortune in December the fintech had increased potential as well as stress tests of its infrastructure amid “heightened consciousness to performing them in a more rigorous option given the dimensions and the speed of growth that we have.”