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Andreessen Horowitz led a $220 Series D funding round in Current.

Synopsis

Andreessen Horowitz, a venture capital firm, led a $220 Series D funding round in Current, a financial technology company, valuing the company at $2.2bn. The round was joined by Tiger Global Management, TQ Ventures, Avenir, Sapphire Ventures, Foundation Capital, Wellington Management and EXPA. "This new generation of customers doesn't want to bank in physical branches. We believe there will be a shift in the next 10 years to mobile and consumer-focused banking services powered by innovation in technology, and with Current's exceptional growth over the past year, they've clearly demonstrated they're at the forefront of this trend," David George, Andreessen Horowitz General Partner.

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