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Current raised $80 million in Series E funding led by Springcoast Partners at a $1.5 billion valuation, roughly a third below its 2021 peak of $2.2 billion. Revenue grew over 70% last year for the third consecutive year. The neobank expects to reach profitability in 2026.
New York City-based fintech platform Current raised $80 million in a Series E round led by Springcoast Partners. The round values the company at $1.5 billion. Current manages a consumer fintech platform.
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