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Current raises $220m in Series D funding

New York based digital challenger bank raised $220m in Series D funding led by a16z.

“We have exceptional investors who have looked at Current deeply and believe that we’re one of the winners in this neobank space,” Sopp said this week in a Zoom interview. The Series D also included new investor Scooter Braun’s TQ Ventures, as well as Tiger Global, Avenir and other investors who have participated in earlier rounds.

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banking, challenger bank