Cuna Mutual-backed neobank Current will expand its product offering using the series C funding, which it raised at a $750m valuation.
Current, a digital bank operator that counts mutual insurance firm Cuna Mutual as an investor, secured $131m on Tuesday in a series C round led by hedge fund manager Tiger Global Management.
Sapphire Ventures, Avenir, Foundation Capital, Wellington Management Company and QED Investors also contributed to the round, which valued the company at $750m.
Founded in 2015, Current operates a challenger bank that offers free overdrafts and the option for early direct deposits in addition to points for cash back…
