With Debit Cards And Investing For Kids, Fintech Startup Greenlight Doubles Valuation To $2.3 Billion
Share to Facebook
Venture capital’s wild fintech party is now inviting minors, too.
Greenlight, a startup that offers debit cards and investing for kids, has raised a $260 million Series D at a valuation of $2.3 billion, nearly doubling the unicorn valuation it received in a $215 million fundraise just last September. Andreessen Horowitz led the latest round, which closed last week, joining investors including TTV Capital and Canapi Ventures (which co-led Greenlight’s Series C), Wells Fargo Strategic Capital, Fin VC, Owl Ventures and Liontree Partners.
CEO Tim Sheehan says the money will go to accelerating marketing to parents and to hiring 300 more employees to build out new features for the app, which tripled revenue and customers last year. “It’s been a whirlwind. I m kind of blown away by it all, to be honest,” says Sheehan, 51. “It feels like 10 years, but it
Current, a leading U.S. financial technology company serving Americans who are working to create a better future for themselves, announced today it has raised $220 million in Series D funding and tripled its valuation to $2.2 billion in just five months. New investor Andreessen Horowitz led the round for the financial platform, which has now raised over $400 million in total funding.
Current has raised $220 million in Series D funding led by new investor Andreessen Horowitz and tripled its valuation to $2.2 billion.
The fundraise follows a year of tremendous growth for Current, which has nearly three million members, a significant bump from the one million mark it reached just last summer, and it also expanded its creator partnerships. Current s mobile banking products provide creators new platforms to engage their fans and the new capital will allow Current to grow the company and its member base as well as build integrated products with some of today s most relevant creators.
Current Raises $220 Million Series D, Now Valued at $2 2 Billion - Triples in Value in Just 5 Months crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
Kids-focused fintech Greenlight raises $260M in a16z-led Series D, nearly doubles valuation to $2.3B
Greenlight, the fintech company that pitches parents on kid-friendly bank accounts, has raised $260 million in a Series D funding round that nearly doubles its valuation to $2.3 billion.
The funding comes just months after the Atlanta-based startup landed $215 million in funding at a $1.2 billion valuation. With the latest round, Greenlight has now raised over $550 million.
Andreessen Horowitz (a16z) led its Series D, which also included participation from return backers TTV Capital, Canapi Ventures, Wells Fargo Strategic Capital, BOND, Fin VC, Goodwater Capital, as well as new investors Wellington Management, Owl Ventures and LionTree Partners.
Mobile bank Current raises $220 million Series D, triples valuation to $2.2B
U.S.-based challenger bank Current, which has now grown to nearly 3 million users, announced this morning it has raised a $220 million round of Series D funding, led by new investor Andreessen Horowitz (a16z). The funding swiftly follows Current’s $131 million Series C at the end of last year, at which point the company had doubled its user base over just six months to over 2 million users.
As a result of the new roud, the fintech company has roughly tripled its valuation in five months’ time to $2.2 billion.