# Current

> Current is a New York consumer-fintech platform built for Americans who want their money to move faster and require fewer fees. Its app combines a spending account, Visa debit card, secured Build Card, Savings Pods, early direct deposit, paycheck advances, person-to-person payments, teen accounts, rewards, and cryptocurrency access. Current is not a bank; regulated banking services are supplied by Choice Financial Group and Cross River Bank. Its unusual strategic asset is Current Core, proprietary banking infrastructure that lets the company coordinate those products around one balance while earning primarily from card interchange and, increasingly, subscription and financial-product economics.

- **Founded:** 2015
- **Headquarters:** New York City, United States
- **Founders:** Stuart Sopp (Co-founder and CEO), Trevor Marshall (Co-founder and CTO)
- **Team size:** Approximately 480 employees in the supplied company data; Current's public LinkedIn page lists a 51-200 company-size band.
- **Products:** Current Account and Visa Debit Card, Teen Account, Savings Pods, Crypto Trading, Build Card
- **Notable:** Grew from a teen-focused debit product in 2017 to adult accounts in 2019., Passed 500,000 accounts in 2019, two million members in 2020 and nearly three million in 2021., Reported more than six million members by 2025.

## Products & services

- **Current Account and Visa Debit Card** — A mobile spending account with direct deposit, bill payment, fee-free in-network ATM access, cash deposits, budgeting tools, rewards and eligible fee-free overdraft.
- **Teen Account** — A custodial debit account with parental controls, allowances, instant transfers, spending alerts and dedicated savings and giving pods.
- **Savings Pods** — Goal-based savings compartments with automated round-ups and variable annual savings boosts for eligible balances.
- **Crypto Trading** — In-app buying and selling of dozens of crypto assets through Zero Hash, with no separate trading fee but a spread in execution prices.
- **Build Card** — A Visa secured charge card with no credit check or upfront security deposit; spending is backed by money reserved from the member's Current balance and payments are reported to the three major bureaus.
- **Paycheck Advance** — Eligible members can access part of an upcoming paycheck, up to the amount shown in-app and advertised as high as $750, without mandatory fees or a credit check.
- **Current Max** — A paid membership tier offering eligible members enhanced savings boosts, rewards, premium support and selectable wellness benefits.
- **Pay Anyone** — A consumer payment service that lets members send money to an eligible recipient even if the recipient does not have a Current account.

## Achievements

- Grew from a teen-focused debit product in 2017 to adult accounts in 2019.
- Passed 500,000 accounts in 2019, two million members in 2020 and nearly three million in 2021.
- Reported more than six million members by 2025.
- Built and operates a proprietary banking core rather than relying entirely on a third-party fintech middleware stack.
- Named to CNBC's World's Top Fintech Companies list in 2024.
- Joined the American Fintech Council in 2025.
- Reported three consecutive years of growth above 70% when announcing its Series E in 2026.
- Raised $80 million at a $1.5 billion valuation in June 2026 and said it was crossing into profitability.

## Latest updates

- **2026-07** — Current published consumer research on the perceived income needed to find true love, continuing its editorial strategy around the daily economics of younger Americans.
- **2026-06** — Current closed an $80 million Series E led by Springcoast Partners at a $1.5 billion valuation and expanded financing relationships with Cross River and General Catalyst's Customer Value Fund.
- **2026-06** — Pay Anyone terms took effect, formalizing transfers from Current members to eligible nonmembers.
- **2026-02** — The company detailed its fee-free overdraft feature and eligibility conditions for members.
- **2025-11** — Current introduced Current Max, Pay Anyone and fee-free overdraft access on eligible Build Card transactions.

## Links

- Website: https://current.com
- LinkedIn: https://www.linkedin.com/company/current
- Twitter/X: https://x.com/current
- YouTube: https://www.youtube.com/@CurrentCard
- Instagram: https://www.instagram.com/Current
- Facebook: https://www.facebook.com/CurrentDebitCard
- TikTok: https://www.tiktok.com/@current

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Profile page: https://yespress.io/current
Published by YesPress — https://yespress.io
Last updated: 2026-08-14