U.S. financial technology company Current has secured $220 million in a financing round led by Andreessen Horowitz, a venture capital company. With this round of funding, the valuation of the fintech startup has increased to $2.2 billion.
The company informed in a statement that it aimed to utilize the fresh funds raised to augment its product portfolio.
“Current has no immediate plans of considering a stock market listing but will look to be ready to go public in the next few years,” founder & Chief Executive Officer of the company – Stuart Sopp told to Reuters.
Established in 2015, Current is backed by investments from Andreessen Horowitz, Tiger Global Management, TQ Ventures, Avenir, Sapphire Ventures, Foundation Capital, Wellington Management, QED Investors and EXPA.
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