Search Results for "Current"
5 results for "Current"
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Cross River Bank and Current Launch Embedded Credit-Building Product
Cross River Bank partnered with fintech Current to launch a credit-building product aimed at helping consumers improve their credit scores. The product leverages Cross River's BaaS lending infrastructure embedded within Current's consumer financial platform. This expands Cross River's embedded lending footprint in the consumer fintech space.
Current Launches Platform API to Enable Embedded Banking Experiences
Current, a U.S. fintech with nearly 4 million customers, launched its Platform API to enable embedded banking integrations. The API allows customers to link accounts to over 6,000 apps via Plaid without sharing banking credentials. The launch positions Current as an open banking enabler using phone number and device authentication.
The Bancorp Partners with Current as BaaS Sponsor Bank
The Bancorp Bank announced a banking-as-a-service sponsor bank partnership with fintech Current to provide back-end banking services and card issuing sponsorship. Current, a digital banking app with nearly 3 million members, will leverage The Bancorp's infrastructure to enhance its product offerings including basic, premium, and teen accounts. The partnership represents a key expansion for both companies in the BaaS space.
Mobile Bank Current Raises $220M Series D at $2.2B Valuation
Current, a mobile banking and payments platform, raised $220M in a Series D round led by Andreessen Horowitz, tripling its valuation to $2.2 billion. The round brought total funding to $402.4M. Current offers embedded banking services including direct deposit, debit cards, and savings features targeted at underbanked consumers.
Mobile Banking Fintech Current Raises $20M Series B Funding
Current, a mobile banking app offering FDIC-insured accounts through partner banks, raised $20 million in Series B funding. The round brought total fundraising to $45 million and supported growth past 500,000 accounts. New investors included Wellington Management, Galaxy Digital EOS VC Fund, and CMFG Ventures, with returning investors QED Investors, Expa, and Elizabeth Street Ventures.