Fintech | New York

Challenger Bank Current Closes $131 Million Series C as it Surpasses 2 Million Members

Current, a U.S. challenger bank serving underbanked Americans, closed a $131 million Series C led by Tiger Global Management with new investors Sapphire Ventures and Avenir Growth and previous investors Foundation Capital, Wellington Management Company and QED Investors participating.  Current doubled its membership these past six months passing 2 million members as demand for high service low fee digital banking is sky high. Funding will be used to expand it's line of financial products and help close the financial inequality gap. [Full story]