Current

Fintecha16z Banking Finance Financial Services FinTech

0 open

New York, New York, United StatesFounded 2015402+ employees$602.4M raisedGrowthPrivate

Last round: series unknown · $200M · Dec 2024(7 rounds total)

Founded by Stuart Sopp“Current is a US fintech platform dedicated to empowering Americans in their pursuit of a brighter financial future. They strive to transform lives by offering innovative and motivational solutions tailored to members' immediate needs, with the flexibility to evolve alongside them and unlock opportunities for enhanced financial growth.”

Backed by(23 investors)

Wellington ManagementCross River BankAndreessen HorowitzTiger Global ManagementFoundation CapitalQED InvestorsElizabeth Street VenturesAvenirGeneral CatalystExpaSapphire Ventures

Current is a leading U.S. challenger bank built to meet the needs of people with unique lives who have been overlooked by the traditional banking industry. Current built its own proprietary banking technology, called the Current Core, which allows them to provide premium banking services for everyone, regardless of age or income, and improve the financial outcomes of members without overdraft fees, minimum balance requirements, or hidden fees. They give members up to two days faster direct deposit paychecks and free overdrafts up to $100 with Overdrive™, access to 55,000 free ATMs worldwide as well as 24/7 member support 365 days a year. The company was founded in 2015 and is based in New York City.