Amongst the leading digital banks in US, Current has raised $131 million in a Series C funding round led by Tiger Global Management and joined by new investors Sapphire Ventures and Avenir. Foundation Capital, Wellington Management Company, and QED Investors returned to fund the company. The fintech claims a valuation of around $750 million.
Simultaneously, Current declared having topped 2 million users. It was only recently reported that Current had 1.75 million users. It is also expected by Current that it will be experiencing “exponential In the past, Current has specified it does not plan on pursuing a federal bank charter but will remain to offer digital banking services in partnership with its partners like Choice Financial Group