Mobile bank Current raises $220 million Series D, triples valuation to $2.2B

Mobile bank Current raises $220 million Series D, triples valuation to $2.2B

3 years ago
Anonymous $f-b3Pf4iLZ

https://techcrunch.com/2021/04/27/mobile-bank-current-raises-220-million-series-d-triples-valuation-to-2-2b/

U.S.-based challenger bank Current, which has now grown to nearly 3 million users, announced this morning it has raised a $220 million round of Series D funding, led by new investor Andreessen Horowitz (a16z). The funding swiftly follows Current’s $131 million Series C at the end of last year, at which point the company had doubled its user base over just six months to over 2 million users.

As a result of the new roud, the fintech company has roughly tripled its valuation in five months’ time to $2.2 billion.