Overview of Transaction

• On June 11, 2026, Current announced an $80 million Series E fundraise at a $1.5 billion valuation following a third consecutive year of 70%+ growth, with new investor Springcoast Partners leading the round
• In conjunction with the financing, Current also expanded its financing partnerships with existing partners General Catalyst and Cross River, increasing the Company's capacity to scale its liquidity and credit products as customer demand continues to accelerate
• As part of the investment, Springcoast Partners will join Current’s Board of Directors
• Current, the consumer FinTech platform helping everyday Americans improve their financial lives, serves millions of members with an integrated platform designed to help them access liquidity, manage cash flow, and build savings
• Underpinning this integrated platform is Current's proprietary core banking technology, built and maintained entirely in-house to accelerate innovation, optimize flexibility, and minimize dependence on third-party providers
• The Company's growth has been fueled by significant investments in technology and AI infrastructure, enabling it to deliver highly personalized financial experiences at scale while maintaining strong operating leverage
• The raise comes amid financial milestones of record growth, strong unit economics and advances towards profitability in 2026, underscoring Current’s emergence as one of the leading scaled consumer FinTech platforms in the United States

Significance of Transaction

• The capital raised will accelerate Current's strategic growth initiatives, advancing its mission to deliver affordable banking, liquidity, and credit-building tools to everyday Americans

FT Partners' Role

• FT Partners served as the exclusive financial and strategic advisor to Current
• This transaction highlights FT Partners’ domain expertise in the Consumer FinTech / Digital Banking sector, along with its successful track record generating highly favorable outcomes for high-growth FinTech companies