Current

Current is a financial technology company that provides collaborative banking solutions.

Current moves money faster, delivers better service, and with no hidden fees.

Current was founded in 2015 by Stuart Sopp. The company is headquartered in New York, New York.

 

Current’s Personal Checking gets you paid quicker with direct deposit up to two days early and instant gas hold credits. Teen Banking is a smart debit card and app for parents to provide better financial education and independence for their kids.

 

Current's proprietary Current Core technology allows us to provide banking services without overdraft fees, minimum balance requirements, or hidden fees.

 

Current focuses on the teen banking market using a mobile app and debit card, and has grown to about 2 million members, adding checking accounts to its product mix in 2019.

 

Current is backed by Wellington Management Co., Tiger Global Management, Galaxy Digital EOS VC Fund, CMFG Ventures and others. The company raised $131M in a Series C round on Nov 24, 2020. This brings Current's total funding to $182.4M to date. The latest round values Current at $750M post-money.

 

 

  • Year founded: 2015
  • Funding Info: $182.4M over 6 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: Valued at $750M as of Nov 24, 2020
  • City/Town: New York
  • State: New York
  • Country: United States
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