In the past three months, investors have plowed close to $1.2 billion into a geographically dispersed group of online banking providers, Crunchbase data shows. Three of the largest funding recipients ' One, Tyme and Current ' announced new rounds this past week. The single biggest haul went to One, a Sacramento, California-based startup offering online banking, debit cards and installment loans for purchases at Walmart, its majority stakeholder. Walmart and fintech investor Ribbit Capital led a $300 million round at a reported $2.5 billion valuation. Tyme, which offers digital banking in South Africa and the Philippines, picked up the next-largest round: a $250 million Series D. Brazil's Nubank led the financing, which sets a $1.5 billion valuation for the 5-year-old, Singapore-headquartered company. Current, based in New York, announced its latest fundraise last week: a $200 million financing that brings investment to date to more than $600 million. The company says its revenue...
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