The CMFG Ventures-backed challenger bank’s latest round valued it at $2.2bn and pushed its total funding past $400m.

Current, a US-based online banking technology developer backed by insurer Cuna Mutual, has raised $220m in a series D round led by venture capital firm Andreessen Horowitz. Sapphire Ventures, Avenir Growth Capital, Expa, Foundation Capital, Tiger Global Management, TQ Ventures and Wellington Management also took part in the round. The cash was secured at a…

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