App-Controlled Bank Current Raises $20M From Galaxy Digital and Others

Current, an online bank that allows app-controlled prepaid debit cards and personal checking accounts supervised by parents, has secured $20 million from a group of investors, including Galaxy Digital VC Fund.

Current announced the news in an Oct. 24 blog post, detailing that it had raised $20 million in a Series B round from investors including Galaxy Digital EOS VC Fund, asset management company Wellington Management Company and CUNA Mutual Group’s venture capital arm CMFG Ventures.

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