Finance Breaking news Current raises $220m at $2.2bn valuation last financial news

Breaking-Finance.Com - US digital banking startup Current has tripled its valuation to $2.2 billion off the back of a $220 million Series D funding round led by Andreessen Horowitz.

Finance Breaking news Current raises $220m at $2.2bn valuation last financial news

Breaking-Finance.Com - US digital banking startup Current has tripled its valuation to $2.2 billion off the back of a $220 million Series D funding round led by Andreessen Horowitz.

Finance Breaking news Current raises $220m at $2.2bn valuation last financial news
27 April 2021 - 13:45

Breaking-Finance.Com - US digital banking startup Current has tripled its valuation to $2.2 billion off the back of a $220 million Series D funding round led by Andreessen Horowitz. Tiger Global Management, TQ Ventures, Avenir, Sapphire Ventures, Foundation Capital, Wellington Management and Expa joined the round, which sees Current's valuation jump from $750 million at its last raise just five months ago.

. It has since expanded to offer banking services to the third of Americans living paycheck to paycheck, building up a customer base of about three million with an average age of 27.Explaining a16z's investment, David George, who joins the Current board, says: "We believe there is going to be a seismic change in the next 10-20 years, as consumers — especially younger ones — shift from legacy, retail-focused banks to consumer-first banks powered by technology."

Source = Breaking-Finance.Com

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Finance Breaking news Current raises $220m at $2.2bn valuation last financial news


Finance Breaking news Current raises $220m at $2.2bn valuation last financial news


Finance Breaking news Current raises $220m at $2.2bn valuation last financial news


Finance Breaking news Current raises $220m at $2.2bn valuation last financial news

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