Current
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Current - overview
Established
2015
Location
New York, NY-New York, US
Primary Industry
Financial Services
About
Based in New York, US, Finco Services, Inc. , d. b. a.
Current is a financial technology company based in the US that offers innovative digital banking solutions tailored for modern consumers. Their services streamline everyday banking needs. Founded in 2015 by co-founder and CEO Stuart Sopp, Finco Services, Inc. , doing business as Current operates as a financial technology firm that provides digital banking services.
In June 2026, Current raised USD 80 million in series E funding led by Springcoast Partners, with participation from Andreessen Horowitz, Tiger Global Management, Avenir Growth Capital, Foundation Capital, Wellington Management, Sapphire Ventures, and QED Investors. The series E funding values Current at USD 1. 5 billion post-money. Current offers a suite of digital banking solutions, including a mobile banking app, a Visa® debit card, and a secured charge card.
Their services are designed to simplify banking experiences, featuring faster direct deposits, fee-free overdraft options, and a rewarding points program for everyday spending at selected retailers. Current primarily serves customers in the United States, focusing on individuals who seek modern banking solutions without the burden of traditional credit checks or minimum account balances. Current generates revenue through transaction-based and fee-based structures linked to its financial products. Customers may incur specific fees such as out-of-network ATM fees and foreign transaction fees, contributing to the company’s earnings.
Their business model emphasizes a direct-to-consumer approach, with flagship products like the Current Visa® debit card and secured charge card facilitating seamless financial transactions. Revenue streams are bolstered by consumer engagement through transaction fees and incentivized spending from the points program. The company will use the June 2026 funding to support continued investment in product innovation, AI-powered financial services, and the expansion of its banking, payments, liquidity, and credit offerings.
Current Investors
Expa, Future\Perfect Ventures, Human Ventures
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.current.com
Verticals
FinTech, Mobile Apps
Company Stage
Series E
Total Amount Raised
Subscriber access only
Current - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series E | Completed | Current | - | ||||||||
| Venture Debt | Completed | Current | - | ||||||||
| Unspecified Round | Completed | Current | - | ||||||||
| Series D | Completed | Current | - | ||||||||
| Series C | Completed | Current | - |
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Current - employee data
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