Current's CEO Stuart Sopp founded Current with the belief that banking should be accessible and affordable for everyone. Current brings premium financial services to everyone with a variety of modern lifestyles to help improve their financial outcomes.
Mobile banking, Payments, Savings, Teen Banking, Money management
Core product offerings for individual/retail customers
A mobile-only checking account (App)
Regulators/Compliance
Current is a member of the US’s FDIC through Current’s issuing bank, Choice Financial Group, meaning they have the standard insurance coverage limit of $250,000 per depositor
Valuation
Current has a post-money valuation of $75M as of Oct 24, 2019, according to PrivCo
Pricing
Personal Accounts: $0 to $4.95/month / Teen Banking: $36/year per teen
The Base Currency
$ (USD)
Product cost
Basic: $0/mo; Premium: $4.99/mo
Money transfers/payments
Foreign transaction fee: 3%
ATM withdrawals
$0, 55,000 Fee-Free ATMs, Anywhere Visa is accepted; Out-of-network ATM fee: $2.50
Overdrafts
Free
Minimum USD deposit required to open (a) a personal account (b) a business account
$0
(a) a personal account
Yes
Key people
Stuart Sopp Founder and CEO
Trevor Marshall CTO
Lauren Nicolich Product Designer
Joshua Arjuna Stephens VP Product
Funding rounds
Last Funding Date
Oct 24, 2019
Last Funding Amount
$31.2M
Last Funding Type
Series B
Total Funding Amount
$51.4M
Number of Funding Rounds
2
2020000031200000
Financials
Customer/Products segments
Banking, payments, savings, money management
Key product offering
A mobile-only checking account (App)
Banking license
The Current card is issued by Choice Financial Group (Member FDIC) pursuant to a license from Visa U.S.A. Inc.
Type of customers
Individuals
Number of investors
10
Number of lead investors
2
Names of lead investors
Wellington Management, QED Investors
Tech stack
The technologies that underpin a platform (FX, identity, infrastructure, security, payments gateways, business systems, APIs, etc.)
Current Core
Devices supported
iOS, Android
Languages
English
Competitors
Founding Date
Type
Tags
x
Dozens
dozens is a trading name of Project Imagine Ltd,...