Current, a digital banking services platform has raised $220M in a Series D, led by Andreessen Horowitz.


  • New York-based Current offers mobile banking solutions such as direct deposits, spend notifications, and banking insights, among others. The company started off as a provider for teen banking.
  • One of the company’s earlier design iterations involved cryptocurrency wallet addresses and Ripple gateways, but the team shifted to mobile banking as the technology was too nascent at the time.
  • The company has expanded its creator partnerships in an effort to appeal to its younger customer demographic — with an average customer age of 27.
  • Current boasts 3M users, up from 2M in November 2020. It has 100 employees and plans to increase it to 200 or 300 in next 18 months.

Want the full post? Become a CB Insights customer.

If you’re already a customer, log in here.

The post Andreessen Horowitz-Backed Current Raises $220M To Expand Digital Banking appeared first on CB Insights Research.

By admin