Current - About the company
Current is a series E 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 $668M in funding from investors like QED Investors, Andreessen Horowitz and Expa, with a current valuation of $1.5B. The company has 748 active competitors, including 59 funded and 35 that have exited. Its top competitors include companies like Revolut, Monzo 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 E
Total Funding
$668M in 9 rounds
Latest Funding Round
Post Money Valuation
$1.5B as on Jun 11, 2026
Investors
Ranked
9th among 748 active competitors
Employee Count
438 as on May 31, 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 $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
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 10, 2026 | $80M | Series E | - | - | ||
Dec 13, 2024 | $200M | Series D | - | - | - | |
Apr 15, 2021 | $220M | Series D | $2.2B | - |
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Current's founders and board of directors
Founder? Claim ProfileCurrent's employee count trend
Current has 438 employees as of May 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 Revolut, Monzo 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 | Revolut 2015, London (United Kingdom), Series E | Provider of banking solutions for retail customers and businesses | $1.99B | 86/100 | |
2nd |  Monzo 2015, United Kingdom, Series I | Provider of digital banking services including savings accounts and loans | $1.81B | 84/100 | |
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 | 79/100 | |
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 | 74/100 | |
8th |  Stash 2015, New York City (United States), Acquired | Automated investment and robo-advisory platform | $747M | 73/100 | |
9th |  Current 2015, New York City (United States), Series E | Provider of banking services, paycheck advances, credit building, and crypto trades | $668M | 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.
Reports related to Current
Here is the latest report on Current's sector:
News related to Current
Filter this listMedia has covered Current for a total of 8 events in the last 1 year, 4 of them have been about company updates and 1 about partnerships.
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Current Raises $80M Series E at $1.5B ValuationThe SaaS News•Jun 12, 2026•Springcoast Capital Partners, Current, Tiger Global Management, Andreessen Horowitz
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KAST Raises $80M Series A to Expand Stablecoin Financial PlatformThe SaaS News•Jun 02, 2026•KAST, QED Investors, Springcoast Capital Partners, Sapphire Ventures and 5 others
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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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