Venture Capital

Digital Bank Current Triples Valuation In Five Months To $2.2B After Andreessen Takes Stake

by posted 5months ago 61 views
Current, a digital banking start-up that has gained momentum during the pandemic, has tripled its valuation to $2.2 billion just five months after its previous fundraising round, CNBC has learned. The company raised $220 million in a Series D led by new investor Andreessen Horowitz, according to Current CEO Stuart Sopp. The New York-based start-up's previous round in November valued it at $750 million. Current is chasing bigger competitors including Chime and Square's Cash App by providing inexpensive financial services though a mobile app.

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