United States · Financial services startup

Current

Current, also known as Finco Services, Inc., is a financial technology company based in New York City.

Funding reportedLast round: Series D

Financial servicesNew York, United States

About Current

Current, also known as Finco Services, Inc., is a financial technology company based in New York City.

Founded in 2015 by CEO Stuart Sopp, Current specializes in digital banking solutions for everyday consumers. With a valuation exceeding $2.2 billion, the company serves over 3 million members, focusing on empowering users to improve their financial outcomes through innovative, mobile-first banking tools. Current offers a range of services, including a fully digital checking account, high-yield savings accounts, and tools for credit building. Users can benefit from features like direct deposit, automated savings, and flexible overdraft options. The platform also provides NFC-enabled prepaid cards, bill payment tools, and instant money transfers. Additionally, Current supports cryptocurrency trading and offers specialized accounts for teenagers, promoting financial education and responsibility. The company emphasizes inclusivity, aiming to provide accessible banking solutions for all Americans, including underbanked populations.

What company datasets say Current raised

Funding, as reported

Reported in all$402Min dollars
Rounds5
Last roundSeries D
Last round size$80M
Last round dateApr 2021
Investors listed21

On 7 portfolio pages

Investors who name them

Each firm lists Current on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

information technology & servicesfinancial servicesfinanceinformation technologyb2cfintechservicesfin techmoneyinternetpaymentsmobilebankingdepositsfinance technology

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Sector
Financial services
Industry code
NAICS 52232, SIC 7371, 7372
Region
New York
Revenue
$76M a year, as listed
Full record
Every detail in the company directory

How it ended, so far

Exit

ExitBuyerPriceWhen
AcquiredOrmazabalundisclosedMar 2013

Financial services in United States

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