When was Current founded?

Current was founded in 2015 and became a unicorn in 2021, reaching the milestone in 6 years. It raised its 1st funding round 2 years after its incorporation.

Where is Current located?

Current is headquartered in New York City, United States. It is registered at Vista, California.

How many employees does Current have?

As of Sep 30, 2026, the latest employee count at Current is 517.

Is Current a funded company?

Current is a funded company, having raised a total of $668M across 9 funding rounds to date. The company's 1st funding round was a $3.6M Seed round, raised on Mar 07, 2017.

How much is Current worth?

The latest valuation of Current is $1.5B as of Jun 10, 2026. This marks a decline of 32% from its peak valuation of $2.2B in Oct, 2019. This marks a decline of 32% from its peak valuation of $2.2B in Oct, 2019.

When was the latest funding round of Current?

Current's latest funding was a $80M Series E round on Jun 10, 2026, with participation from 8 investors. Its primary sector is Banking Tech. In United States, the Banking Tech sector has seen $2.53B in funding in 2026 to date.

Is Current a Banking Tech company?

The primary sector of Current is Banking Tech.

Where does Current rank among its competitors?

Current ranks 28th amongst 1631 active competitors, of which 149 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Revolut, which secured an undisclosed amount in Nov, 2026.

Who are the top competitors of Current?

Current's top competitors include Nubank, Monzo and Chime. Among them, Revolut secured the most recent funding round in November, 2026.

Current - 2026 Company Profile, Team, Funding & Competitors

Current is a series E company based in New York City (United States), founded in 2015 by Meghan Burk. It operates as a Provider of banking services, paycheck advances, credit building, and crypto trades. Current has raised $668M in funding from investors like QED Investors, Andreessen Horowitz and Expa, with a current valuation of $1.5B. The company has 1631 active competitors, including 149 funded and 97 that have exited. Its top competitors include companies like Nubank, Monzo and Chime.

Sectors and market segments that Current operate in

Current serves in the FinTech market segments.The primary business model of Current is:

FinTech > Banking Tech > ***** **** > ***** ******

Company Details

Provider of banking services, paycheck advances, credit building, and crypto trades. The company offers tools for managing finances, including early access to paychecks and fee-free overdraft options. It provides secured charge cards designed to help users build credit without annual fees. The platform also allows users to trade cryptocurrency without trading fees.

Website: current.com
Social
Email ID: *****@current.com
Registered Address: Vista, California

Key Metrics

Founded Year

2015

Location

New York City, United States

Stage

Series E

Total Funding

$668M in 9 rounds

Latest Funding Round

Series E, Jun 10, 2026, $80M

Post Money Valuation

$1.5B as on Jun 10, 2026

Investors

QED Investors & 28 more

Ranked

28^th among 1631 active competitors

Employee Count

517 as on Sep 30, 2026

Similar Companies

Chime & 487 more

View Current's full profile

Current is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Current Usa, Inc. CIN: 200248945 , United States, Active	Sep 05, 2003	-	11 (As on Dec 31, 2021)	-

Current has raised a total funding of $668M over 9 rounds. Its first funding round was on Mar 07, 2017. Its latest funding round was a Series E round on Jun 10, 2026 for $80M. 8 investors participated in its latest round. Current has 29 institutional investors.

Here is the list of recent funding rounds of Current:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 10, 2026	$80M	Series E	$1.5B	-	Springcoast Capital Partners	Tiger Global Management, Avenir Growth Capital, Foundation Capital, Wellington, Sapphire Ventures, QED Investors, Andreessen Horowitz
Dec 13, 2024	$200M	Series D	$2.2B	-	-	Andreessen Horowitz, Wellington, Avenir Growth Capital, General Catalyst, Cross River Bank
Apr 15, 2021	$220M	Series D	$2.2B	-	Andreessen Horowitz	Tiger Global Management, TQ Ventures, Sapphire Ventures, Foundation Capital, Expa, Wellington, Avenir Growth Capital

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View details of Current's funding rounds and investors

The founders of Current is Meghan Burk. Stuart Sopp is the CEO of Current.

Here are the details of Current's key team members:

Meghan Burk: Founder of Current.
Stuart Sopp: CEO of Current.

View details of Current's Founder profiles and Board Members

Current's employee count trend

Current has 517 employees as of Sep 26. Here is Current's employee count trend over the years:

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Top competitors of Current include Nubank, Monzo and Chime. Here is the list of Top 10 competitors of Current, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Nubank 2013, Sao Paulo (Brazil), Public	Provider of digital banking services, including credit cards and accounts	$2.27B	DST Global, Sequoia Capital & 39 others	90/100
2nd	Monzo 2015, United Kingdom, Series I	Provider of digital banking services including accounts savings and credit	$2.37B	Passion Capital, General Catalyst & 67 others	84/100
3rd	Chime 2012, San Francisco (United States), Public	Digital bank for individuals	$3.15B	DST Global, Access Industries & 58 others	83/100
4th	Revolut 2015, London (United Kingdom), Series E	Provider of financial services and digital banking solutions	$1.73B	Balderton Capital, TSG Consumer Partners ... & 153 others	83/100
5th	Dave 2016, Los Angeles (United States), Public	Developer of a mobile banking application offering financial management tools	$63.6M	Norwest, Financial Solutions Lab & 18 others	82/100
6th	Green Dot 1999, Pasadena (United States), Acquired	Provider of mobile banking services, debit cards, and related financial products	$109M	Millennium Technology Value Partners, Tenaya Capital ... & 7 others	80/100
7th	N26 2013, Berlin (Germany), Series E	Provider of mobile banking services, including savings, investment, and crypto	$1.72B	Valar Ventures, Allianz X & 52 others	79/100
8th	Lunar 2015, Aarhus (Denmark), Series D	Digital banking platform offering personal and business accounts, cards, savings, investing, and budgeting tools	$649M	Seed Capital, Kinnevik & 27 others	79/100
9th	TONIK 2018, Singapore (Singapore), Series B	Provider of digital banking services including savings accounts and loans	$187M	Mizuho Financial Group, Peak XV Partners ... & 49 others	79/100
10th	Starling Bank 2014, London (United Kingdom), Series D	Provider of digital banking services including personal and business accounts	$1.01B	Merian Global Investors, Goldman Sachs & 35 others	79/100
28th	Current 2015, New York City (United States), Series E	Provider of banking services, paycheck advances, credit building, and crypto trades	$668M	Sapphire Ventures, Foundation Capital & 27 others	70/100