Finance Breaking news Current snags $131 million in fresh funding last financial news

Breaking-Finance.Com - US challenger bank Current has raised $131 million in Series C funding, in a round led by new investor Tiger Global Management.

Finance Breaking news Current snags $131 million in fresh funding last financial news

Breaking-Finance.Com - US challenger bank Current has raised $131 million in Series C funding, in a round led by new investor Tiger Global Management.

Finance Breaking news Current snags $131 million in fresh funding last financial news
24 November 2020 - 14:45

Breaking-Finance.Com - US challenger bank Current has raised $131 million in Series C funding, in a round led by new investor Tiger Global Management. Serving Americans overlooked by traditional banks, the mobile-only bank has now raised over $180 million in total funding and has a valuation of $750 million. The new capital follows a year of exponential growth for Current, which has doubled its member base in less than six months to surpass two million members. Revenue has also increased by 500% year over year.

. "We are committed to building products specifically to improve the financial outcomes of the millions of hard-working Americans who live paycheck to paycheck, and whose needs are not being properly served by traditional banks.."He says Current plans to use the fresh capital to expand on its product offerings for its core demographic.

Source = Breaking-Finance.Com

Financial breaking news

This news 29 hits received.

Finance Breaking news Current snags $131 million in fresh funding last financial news


Finance Breaking news Current snags $131 million in fresh funding last financial news


Finance Breaking news Current snags $131 million in fresh funding last financial news


Finance Breaking news Current snags $131 million in fresh funding last financial news

COMMENTS

  • 0 Comment
MAY INTEREST YOU x
Finance Breaking news BIS Innovation Hub targets CBDCs and green finance in 2021 last financial news
Finance Breaking news BIS Innovation Hub targets CBDCs and green...
Finance Breaking news Irish bank payments app JV hits competition watchdog roadblock last financial news
Finance Breaking news Irish bank payments app JV hits competition...