In today’s top news in digital-first banking, Current raised $220 million in an Andreessen Horowitz-led Series D investment round, while Step has raised $100 million in Series C funding. Plus, Barclays is working with Amount to provide point-of-sale financing options.
Neobank Current Notches $220 Million At $2.2 Billion Valuation
We’d love to be your preferred source for news.
Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!
Current, the New York financial technology upstart, notched $220 million in an Andreessen Horowitz-led Series D investment round that triples the firm’s valuation to $2.2 billion. The newest investment brings the FinTech’s funding to over $400 million. “Getting ahead is more important than ever to this generation,” Current Founder and CEO Stuart Sopp said in a press release. “Building products that solve your members’ financial needs now and have the potential to grow with them is as important as building a brand that is relatable.”
Teen Banking Startup Step Takes In $100 Million In Series C Funding
Financial technology banking upstart Step has landed $100 million in Series C funding. The round, which was headed up by General Catalyst, attracted some high-profile investors. Step markets itself as a service geared toward teens and families. Users receive access to a free, FDIC-backed bank account, P2P payments platform and a spending card. “Additionally, Step is the only banking platform that enables teens to start building a positive credit history before they turn 18 and does not charge fees of any kind,” the company said in a release.
Barclays Partners With Amount For Point-Of-Sale BNPL Solution
Advertisement: Scroll to Continue
Barclays will join the ranks of the first major banks in America to provide point-of-sale financing options via a new collaboration with Amount, the digital banking platform. “Nearly one-third of U.S. consumers have already used a buy now, pay later service, and the demand is expected to continue to grow,” Denny Nealon, CEO of Barclays US Consumer Bank, said in a press release. Barclays said it chose Amount because of the firm’s “proven technology” and “deep knowledge of digital financial services.”
Add as Preferred Source
