2020-11-24 17:51:02 GS Goldman Sachs
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11/24/20 11/2417:51 11/24/2017:51 | Tiger Global led $131M in Series C funding for U.S. 'challenger bank' CurrentMobile banking app Current, which describes itself as a "challenger bank," announced on its website has raised $131M in Series C funding. Current continued, "New investor Tiger Global Management led the round for the mobile bank, which has now raised over $180M in total funding and has a valuation of $750M. The new capital follows a year of exponential growth for Current, which has doubled its member base in less than six months to surpass two million members. Revenue has also increased over 500 percent year over year to firmly establish the challenger bank as an industry leader in the U.S. We have seen a demonstrated need for access to affordable banking with a best-in-class mobile solution that Current is uniquely suited to provide," said Stuart Sopp, CEO and Founder, Current. "We are committed to building products specifically to improve the financial outcomes of the millions of hard-working Americans who live paycheck to paycheck, and whose needs are not being properly served by traditional banks. With this new round of funding we will continue to expand on our mission, growth and innovation to find more ways to get members their money faster, help them spend it smarter and help close the financial inequality gap." Publicly traded companies in the space include Goldman Sachs (GS), with its Marcus unit, PayPal's (PYPL) Venmo, bankers like Ally Financial (ALLY), Capital One (COF), Discover (DFS) and Square (SQ). Reference Link Goldman Sachs
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BoJ's Ueda says weak yen hasn't impacted underlying inflation so far. »
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BoJ left its policy rate band unchanged »
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Dassault Systemes just downgraded at JPMorgan, here's why »
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Caterpillar just downgraded at Stifel, here's why »
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Notable companies reporting before tomorrow's open »
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Spotify upgraded to Buy from Accumulate at Phillip Securities »
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AltC Acquisition shareholders approve Oklo business combination »
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Zyversa Therapeutics Inc trading halted, news pending
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Avenue Therapeutics trading halted, news pending
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iSun trading halted, news pending
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SJW Group backs FY24 EPS view $2.68-$2.78, consensus $2.76
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SJW Group reports Q1 EPS 36c, consensus 38c »
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Husqvarna just upgraded at Jefferies, here's why »
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NorthWestern Energy backs FY24 EPS view $3.42-$3.62, consensus $3.49 »
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NorthWestern Energy reports Q1 EPS $1.06, consensus $1.13 »
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LeMaitre just upgraded at Stifel, here's why »
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First Savings Financial reports Q2 adjusted EPS 52c, two estimates 45c »
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HSBC gets more bearish on Bunge, downgrades shares »
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Vinci Partners agrees to acquire MAV Capital »
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Microsoft says near-term AI demand 'a bit higher than capacity'
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Delek Logistics raises dividend 4.4% to $1.07 per share »
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NOV Inc. sees FY24 revenue growth mid-single digits, consensus $9.11B »
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NOV Inc. sees Q2 revenue growth 1%-5%, consensus $2.23B »
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NOV Inc. reports Q1 EPS 30c, consensus 27c »
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