Neobank Current raised $80 million in a new funding round.
The consumer fintech platform said in a statement that the Series E round was led by Springcoast Partners, establishing a $1.5 billion valuation. Springcoast will appoint a director as part of the investment.
Earlier investors include Andreessen Horowitz, Tiger Global Management, and QED Investors.
Current, which has said that it expects to attain profitability this year, said the new funds will support product innovation, AI-powered financial services, and expanding banking, payments, and credit offerings.