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Current Announces Record-Breaking Growth in 2024; Secures Additional Capital to Accelerate Scale, Product Innovation

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Fintech raises $200 million in capital, will provide path to profitability

NEW YORK, Dec. 13, 2024 /PRNewswire/ — Current, a leading consumer fintech banking platform transforming financial access for everyday Americans, announced extraordinary growth in 2024 including an over 90 percent increase in revenue. Following this record year, the company has secured $200 million in new capital to accelerate growth and fast-track profitability in 2025.

The funding round featured continued support from existing investors Andreessen Horowitz, Wellington Management, and Avenir, with new participation from General Catalyst and Cross River.

General Catalyst’s investment from its Customer Value strategy will drive strategic member acquisition and fuel efficient expansion toward profitability. Meanwhile, Cross River Bank is deepening its collaboration with Current by extending warehouse funding to bolster Current’s Paycheck Advance and secured credit-building card offerings.

This additional capital will strengthen Current’s unmatched ability to build highly accessible financial solutions that seamlessly work together to solve the needs of its members, including faster paycheck access, savings pods, a dynamic secured charge card connected to members’ spending balances, and earned wage access, which provides millions of Americans with critical financial flexibility when they need it most.

“Millions of Americans are struggling with affordable access to liquidity and credit,” said Stuart Sopp, CEO and co-founder, Current. “Our record, market-leading growth is a testament to Current’s unique ability to build solutions that work together synergistically to solve these needs and are available to everyone. This new capital provides us the most efficient way to scale these solutions, including providing even higher limits of our earned wage access product to more people and setting our company on the best path to long-term success, including reaching profitability in 2025.”

The additional capital will also support new product expansion at Current and the company projects continued rapid growth over the next year as it achieves profitability.

“Current’s tremendous growth this year showcases the true product-market fit it has unlocked,” said Roy Mabrey, General Catalyst. “We are excited to invest in the future of Current because of its demonstrated ability to scale with great unit economics and the key gap it is stepping up to fill in the market for millions of Americans who are struggling to make ends meet. We look forward  to supporting Stuart and the team as they continue to grow and be at the forefront of product innovation.”

CRB Securities served as exclusive strategic and financial advisor to Current on the capital raise.

About Current

Current is a leading consumer fintech banking platform transforming financial access for everyday Americans. We’re focused on building integrated solutions to solve needs that stand between Americans and their financial goals, making it easier for everyone to build the future they deserve. To learn more about us, visit http://www.current.com or download our app on the App Store or Google Play.

Current is backed by investments from Andreessen Horowitz, Tiger Global Management, Avenir, Wellington Management, General Catalyst, Cross River, Foundation Capital and QED Investors.

Media Contact:
Erin Bruehl
VP of Communications, Current
media@current.com

 

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SOURCE Current

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Klook launches K.ai, an AI agent that manages merchants’ back-office operations

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K.ai goes beyond answering questions to executing inventory, pricing, and booking-related tasks in Klook’s merchant portal

SINGAPORE and HONG KONG, Nov. 3, 2026 /PRNewswire/ — Klook, a leading global platform for experiences, launches K.ai, an AI agent that helps experiences merchants manage their businesses by executing everyday tasks in Klook’s merchant portal.

Unlike conventional AI assistants that only answer questions or provide recommendations, K.ai can retrieve business information and act on merchants’ instructions, from checking bookings and availability to updating inventory and pricing. This reduces the need for merchants to navigate multiple menus and complete routine tasks manually.

K.ai is now being introduced to Klook’s merchants through a phased global rollout, ahead of the year-end travel season.

Bringing SMEs from offline to AI-powered operations

Experiences remain one of travel’s least digitized categories. According to Euromonitor, only about 34% of experiences bookings are made online, compared with 66% for accommodations and 81% for flights.

A key reason is fragmentation: small and medium-sized (SME) operators make up around 95% of the sector, and many lack the digital reach to sell beyond walk-ins and offline channels. The result is a large, fragmented supply base that travelers still struggle to find, compare and book online.

By bringing these merchants online, Klook makes them discoverable and bookable to travelers worldwide, and by embedding AI into Klook’s existing tech infrastructure, it helps them leapfrog from manual processes to AI-powered business management.

“Many experiences merchants don’t have dedicated teams to manage technology or back-office operations. With K.ai, we’re bringing the most practical and valuable agentic AI capabilities into their day-to-day operations, removing much of the manual work involved in running their businesses, so they can spend more time on what they do best: delivering meaningful experiences for travelers,” says Bernie Xiong, Co-founder and CTO of Klook.

From answering questions to getting work done

For SME merchants, managing bookings, inventory and pricing is essential but time-consuming. While most AI business assistants only answer questions, K.ai goes further — it answers questions and takes action.

A merchant can ask, “What did my bookings look like last week?” and receive a report. The merchant can then instruct K.ai to “Raise the weekend price by 10%” and have the change applied in the merchant portal.

Early results from merchants using K.ai demonstrate operational improvements. Tasks that required multiple steps can now be completed 95% faster for individual inventory and pricing updates, and 97% faster for batch checks of products, inventory and orders.

Beyond efficiency, merchants using K.ai recorded 3.4 times as many monthly bookings of those not using the agent. With the ability to adjust operational details in seconds, merchants are better equipped to respond to changing demand and capture booking opportunities.

“I used to block out an hour every morning to update prices and availability across my tours,” says Erica Yu, Co-founder of MyProGuide in Taiwan. “The difference is tangible. Now I tell K.ai what I want, and it’s done before my coffee is. I’m catching last-minute demand that I used to miss, and I finally have more time to work on the tours themselves.”

From back-office operations to business growth

Beyond supporting day-to-day merchant portal operations and queries, K.ai also simplifies other time-consuming aspects of running an experiences business.

With one-click product listing, merchants can upload existing materials and have K.ai generate structured product listings, pre-filling fields for merchants to review and edit instead of building listings from scratch.

K.ai also helps merchants make more informed business decisions by turning customer reviews and performance data into actionable insights.

Through the Reviews and Dashboard pages, K.ai highlights changes in business performance, identifies potential reasons behind them and surfaces opportunities for improvement. This helps merchants better understand customer needs, improve service quality and refine their offerings, shifting their focus from routine administration to growing their businesses.

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SOURCE Klook

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izmo Microsystems Successfully Develops and Qualifies Indigenous Pitch Detector for Defence Avionics

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Achievement demonstrates integrated electronics design, advanced semiconductor packaging and military grade manufacturing capabilities.

BENGALURU, India, Nov. 3, 2026 /PRNewswire/ — izmo Limited (NSE: IZMO) (BSE: 532341) today announced that its semiconductor subsidiary, izmo Microsystems Pvt. Ltd., has successfully developed and completed defence qualification of an indigenous Pitch Detector – a critical avionics component that senses aircraft pitch attitude and provides correction data to the gyromagnetic compass navigation system. The component is used across multiple military aircraft and helicopter platforms currently in active service.

The original foreign origin Pitch Detector faced irregular and limited supply from its overseas manufacturer, creating operational challenges for platforms dependent on it. izmo Microsystems undertook a complete indigenization program to develop a fully compatible Indian replacement, reducing dependence on imported components and strengthening domestic supply chain resilience.

izmo Microsystems successfully reengineered the original component without access to its design documentation, redesigned the electronics using modern technology, and manufactured a fully compatible replacement in India. The component was developed and manufactured at the Company’s DSIR recognised advanced semiconductor packaging facility in Bangalore, and successfully qualified to military reliability standard MIL-PRF-38534.

The achievement demonstrates izmo Microsystems’ ability to undertake complete product development programs, from design and engineering through manufacturing and qualification. These integrated capabilities position the Company to address a wider range of defence and aerospace indigenization opportunities, particularly where imported components are obsolete, difficult to procure or no longer supported by their original manufacturers.

The development also reflects the growing maturity of izmo Microsystems’ technology platform, which combines advanced electronics design with high reliability semiconductor packaging and manufacturing. These capabilities support the Company’s activities across defence, aerospace, silicon photonics and other advanced semiconductor applications.

India’s defence budget for FY2026–27 stands at ₹7.85 lakh crore, including ₹2.19 lakh crore for capital expenditure, reflecting the Government’s continued commitment to defence modernization and self reliance. With increasing emphasis on indigenous procurement and import substitution, izmo Microsystems sees growing opportunities to apply its engineering and manufacturing capabilities across the defence electronics sector.

About izmo Microsystems Pvt. Ltd.

izmo Microsystems Pvt. Ltd. is the advanced semiconductor packaging subsidiary of NSE/BSE listed izmo Limited. Based in Bengaluru, the Company operates a state-of-the-art facility providing integrated design, packaging and manufacturing services across silicon photonics, RF and microwave electronics, 3D System-in-Package integration, hermetic packaging and high reliability defence electronics.

For more information, visit  www.izmomicro.com / www.izmoltd.com or contact:   

Media Contact

izmomicro Communications

Email: info@izmomicro.com 

Investor Contact  

izmo Limited

No. 177/2C, Bilekahalli Industrial Area, Bannerghatta Road, Bangalore 560076

CIN: L72200KA1995PLC018734

Email ID: investors@izmoltd.com

Caution Concerning Forward- Looking Statements: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other risk factors, viewers are cautioned not to place undue reliance on these forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. 

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Auden Techno Corp. Recognized at Asia Pacific Enterprise Awards 2026 Taiwan Chapter for Strong Corporate Governance and Ethical Practices

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TAIPEI, Nov. 3, 2026 /PRNewswire/ — Auden Techno Corp., a Taiwan-based connectivity solutions provider established in 1981, has been recognized with the Corporate Integrity and Governance Excellence (CIGE) Award at the Asia Pacific Enterprise Awards (APEA) 2026 Taiwan, organized by Enterprise Asia. The recognition highlights the company’s continued commitment to integrity, responsible governance, and effective risk management as it advances connectivity solutions worldwide.

Led by Chairman and General Manager Daniel Chang, Auden Techno Corp. operates five business divisions covering Wireless Communications, Instrument Equipment Sales, Sustainability, mmWave, and Advanced R&D. Guided by its principles of “Integrity and Innovation”, the company places the Board of Directors at the center of its governance framework. In 2025, the Board convened eight meetings with a 97% attendance rate, while ESG oversight covering governance, information security, environmental protection, and social engagement was delegated to the Sustainable Development Committee. An independent Internal Audit Office reports quarterly to the Board and supports risk management across strategy, finance, compliance, and climate change.

Auden Techno Corp. has also embedded integrity into its organizational practices. All directors and senior executives have signed Integrity Management Declarations, while annual anti-corruption training is provided to all employees. An independent whistleblowing channel protects reporting parties, with zero violations recorded in 2025. Since 2025, ESG performance has also been linked to executive compensation with a 30% weighting.

The company’s governance framework is supported by measurable performance. It recorded zero information security incidents in 2025 and has maintained zero environmental violations, corruption incidents, and discrimination complaints for years. Its Corporate Governance Evaluation score of 91.30 placed it in the top tier for two consecutive years, demonstrating how integrity and governance have been integrated into its business operations.

These sustained efforts reflect Auden Techno Corp.’s commitment to embedding integrity, accountability, and responsible governance across its operations. Its consistent approach to ethical business practices and effective oversight demonstrates the strong governance foundation behind its recognition at the APEA 2026.

The APEA 2026 Taiwan is supported by the Taiwan Institute for Sustainable Energy (TAISE), with KPMG Taiwan as the Official Assurance Partner. PR Newswire serves as the Official News Release Distribution Partner while Commercial Times and Dailywire.asia serve as the Media Partners.

About Enterprise Asia

Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. Please visit https://www.enterpriseasia.org/ for more information.

About Asia Pacific Enterprise Awards

Launched in 2007, the Asia Pacific Enterprise Awards is the region’s most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/ regions and markets all over Asia. For further information, please visit https://apea.asia/taiwan/. 

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SOURCE Enterprise Asia

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