Current, a NYC-based provider of a consumer fintech banking platform, raised additional $200M in funding.
Backers included Andreessen Horowitz, Wellington Management, and Avenir, with participation from General Catalyst and Cross River.
The company intends to use the funds to accelerate growth and fast-track profitability in 2025.
General Catalyst’s investment from its Customer Value strategy will drive strategic member acquisition and efficient expansion toward profitability. Meanwhile, Cross River Bank is deepening its collaboration with Current by extending warehouse funding to bolster Current’s Paycheck Advance and secured credit-building card offerings.
Led by CEO Stuart Sopp, Current is a provider of a consumer fintech banking platform enhancing financial access for Americans.
FinSMEs
16/12/2024