Current, a NYC-based U.S. challenger bank, raised $131m in Series C funding.
The round was led by new investor Tiger Global Management with participation from new investors Sapphire Ventures and Avenir, as well as existing backers Foundation Capital, Wellington Management Company and QED Investors.
The company, which has now raised over $180m in total funding with a valuation of $750m, intends to use the funds to continue to expand operations and its business reach, as well as continue to develop its offering.
Led by Stuart Sopp, CEO and Founder, Current is a U.S. challenger bank serving the needs of Americans who have been overlooked by traditional banks and providing them with access to their money with early direct deposits, free overdraft, points for cash back and access to free ATMs nationwide without overdraft fees, minimum balance requirements, or hidden fees. The app is available on the App Store or Google Play.
FinSMEs
26/11/2020