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Announced

Completed

Tiger Global Management led a $131m Series C round in Current.

Financials

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Transaction Value£98m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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challenger bank

Minority

Domestic

Acquisition

Banks

Private Equity

Friendly

Venture Capital

Private

Completed

United States

Single Bidder

Synopsis

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Investment firm Tiger Global Management led a $131m Series C round in Current, a US challenger bank, with participation from Sapphire Ventures, Avenir, Foundation Capital, Wellington Management Company and QED Investors. With the additional funding, Current plans to expand on its product offerings in order to continue to meet the financial needs of its core demographic and improve even more financial lives.

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