Current - About the company
Current is a series D company based in New York City (United States), founded in 2015. It operates as a Provider of banking services, paycheck advances, credit building, and crypto trades. Current has raised $588M in funding from investors like QED Investors, Andreessen Horowitz and Expa, with a current valuation of $2.2B. The company has 741 active competitors, including 54 funded and 35 that have exited. Its top competitors include companies like Monzo, Revolut and Dave.
Sectors and market segments that Current operate in
Current serves in the FinTech market segments.The primary business model of Current is: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 D
Total Funding
$588M in 8 rounds
Latest Funding Round
Post Money Valuation
$2.2B as on Apr 27, 2021
Investors
Ranked
9th among 741 active competitors
Employee Count
428 as on Apr 30, 2026
Legal entities associated with Current
Current is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Current Usa, Inc. CIN: 200248945 , United States, Active | Sep 05, 2003 | - | 11 (As on Dec 31, 2021) | - |
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Current's funding and investors
Current has raised a total funding of $588M over 8 rounds. Its first funding round was on Mar 07, 2017. Its latest funding round was a Series D round on Dec 13, 2024 for $200M. 5 investors participated in its latest round. Current has 27 institutional investors.
Here is the list of recent funding rounds of Current:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 13, 2024 | $200M | Series D | - | - | - | |
Apr 15, 2021 | $220M | Series D | $2.2B | - | ||
Nov 24, 2020 | $131M | Series C | $750M | - |
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Current's founders and board of directors
Founder? Claim ProfileCurrent's employee count trend
Current has 428 employees as of Apr 26. Here is Current's employee count trend over the years:
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Current's Competitors and alternates
Top competitors of Current include Monzo, Revolut and Dave. Here is the list of Top 10 competitors of Current, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Monzo 2015, United Kingdom, Series I | Provider of digital banking services including savings accounts and loans | $1.81B | 84/100 | |
2nd | Revolut 2015, London (United Kingdom), Series E | Provider of banking solutions for retail customers and businesses | $1.99B | 83/100 | |
3rd | Dave 2016, Los Angeles (United States), Public | Developer of a mobile banking application offering financial management tools | $63.6M | 81/100 | |
4th |  Chime 2012, San Francisco (United States), Public | Digital bank for individuals | $3.15B | 80/100 | |
5th | Green Dot 1999, Pasadena (United States), Acquired | Provider of mobile banking services, debit cards, and related financial products | $109M | 78/100 | |
6th | Albert 2015, Los Angeles (United States), Series C | All-in-one money app for budgeting, saving, spending, and investing | $174M | 78/100 | |
7th | Varo 2015, San Francisco (United States), Series G | Digital bank for individuals | $1.12B | 75/100 | |
8th |  Stash 2015, New York City (United States), Acquired | Automated investment and robo-advisory platform | $747M | 74/100 | |
9th |  Current 2015, New York City (United States), Series D | Provider of banking services, paycheck advances, credit building, and crypto trades | $588M | 73/100 | |
10th |  Bancorp 2000, Wilmington (United States), Public | Payment card issuing and processing solutions for businesses | - | 70/100 |
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Current's Investments and acquisitions
Current has made no investments or acquisitions yet.
News related to Current
Filter this listMedia has covered Current for a total of 6 events in the last 1 year, 4 of them have been about company updates and 1 about partnerships.
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Fintech Firm Current Moves to 62K SF at Vornado’s Penn 2, relocating its NYC offices.Commercial Observer•Nov 06, 2025•Current
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Caliber Partners with Current and InCharge Energy for EV Charging InfrastructureGlobeNewswire•Oct 07, 2025•In-Charge, Caliber, Current
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Current, a leading US neobank, extends contract with Stakk, an ASX-listed company.Australian FinTech•Sep 10, 2025•Stakk, Current, Robinhood
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Currentt secures €1.7M for cyber-secure energy management system rolloutSilicon Canals•Jul 04, 2025•Current
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Current raises $200 million to fast-track profitabilityFinextra•Dec 16, 2024•Current, Andreessen Horowitz, Wellington, Avenirgroup and 4 others
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