Mobile bank MoneyLion on Tuesday announced $160 million in funding.

Co-led by Princeton-based Edison Partners and Greenspring Associates with a strategic investment from Capital One, the $100 million Series C funding round also includes $60 million in previously unannounced financing. MetaBank and FinTech Collective also contributed to the round.

According to MoneyLion, when the Series C round is complete the company will have raised more than $200 million in equity financing.

That capital will go toward accelerating customer growth in the U.S., continuing its bank membership, and the introduction of new financial products like, a high-yield cash account and a stock trading platform.

MoneyLion provides banking, investment, credit-building, loans, financial wellness and rewards. The company said it has grown at an annualized rate of more than 1,000 percent this year as pertains to accounts and average daily transactions.

“We created MoneyLion with a focused goal of providing people with the most valued banking experience in the world,” said Dee Choubey, chief executive officer and founder of MoneyLion. “In 2018, we helped our members avoid over $7.2 million in traditional banking fees, generated over $12 million in cashback rewards and helped 70 percent of our members increase their credit scores by 30 points.

“The strategic investment from these leading financial institutions validates our mission and approach and demonstrates their acknowledgment of a dynamic shift in consumer banking. It also reinforces consumer demand for fintech solutions that provide Americans with unprecedented access to the most powerful financial products and services in a single, integrated platform,” Choubey added.