Tagged: current

COVID Fueled Boom: Challenger Bank Current Sees Big Increase in Number of New Accounts During Coronavirus Crisis

Current, a digital only challenger bank, reports that users have topped one million members with both April and May generating the most accounts. During the height of the Coronavirus lockdown, Current saw more than 100,000 new accounts created each month as demand rose for consumer-friendly… Read More

Digital Bank Current CEO Stuart Sopp Says Fintech Firm will Remain Focused on Spending, as Large Banks Already “Great” at Lending, Deposits

Stuart Sopp, founder and CEO at digital bank Current, says that the COVID-19 outbreak has shown how his company serves employees whose roles are considered essential during the global pandemic. Sopp told Banking Dive that his members’ addressable market has increased considerably in size and… Read More

Digital Challenger Bank Current Says US Government Stimulus Payments Received 5 Days Sooner than Anticipated

Digital Bank Current says it has received the first government stimulus payments five days faster than anticipated. Current told Crowdfund Insider: “Current started receiving government stimulus payments today for individuals and families and we are crediting all transactions to all our members immediately. We’re delivering… Read More

Digital Bank Current Provides Insight into Economic Impact of COVID-19

Current, an aspiring digital bank with over 800,000 accounts, has pulled some paycheck and purchasing data to provide some insight into how the COVID-19 pandemic is impacting the economy. Of course, this is a snap-shot in time and a single set of data does not… Read More

Digital Bank Current Raises $20 Million in Series B

Digital bank Current has raised $2o million in a Series B funding round, according to a company release. The funding was led by Wellington Management Company, Galaxy Digital EOS VC Fund, and CMFG Ventures. Current also said it was expanding its partnership with Visa as… Read More

Bank of America Is Reportedly Piloting Ripple’s Distributed Ledger Technology

Charlotte, North Carolina-based Bank of America (BoA), the second-largest US bank with over $2.3 trillion in total assets, is reportedly testing out Ripple’s distributed ledger technology (DLT)-based financial products. The bank might be planning to do more with the San Francisco-based Fintech firm’s technology. Ripple’s… Read More

Facebook’s Subsidiary Calibra Is Being Sued for Trademark Infringement By Mobile Banking Developer Current

Facebook’s subsidiary Calibra is being sued for trademark infringement by Current, the developer of a mobile banking app. The complaint was submitted on October 10 in the US District Court for the Southern District of New York. It alleges that Calibra’s logo is quite similar… Read More

Current Debit Card & Mobile App For Teens Now Has 200,000 Users

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Current, a U.S.-based fintech company, announced on Wednesday is now has 200,000 users that are using its smart debit card & mobile app service. Founded in 2015 (and launched in 2017), Current states it provides collaborative banking solutions, starting with a smart debit card and app… Read More

Fintech Platform Current Announces Strategic Investment from Fifth Third

Current, the fintech platform that allows teens to connect their money with the people, brands and experiences they value, announced on Tuesday that Fifth Third Capital, a direct equity investment subsidiary of Fifth Third Bancorp (NASDAQ: FITB), has joined the recently announced Series A funding,… Read More

Current Plans $4 Million Airdrop Following $36 Million Private Sale ICO

Current Media closed its private sale initial coin offering raising $36 million this past week. The company claims that it had signed up 250,000 people interested in the public ICO but management has since decided to skip the public sale and do a $4 million Airdrop… Read More

Bitcoin Sinks. Why? And What’s Next?

The price of Bitcoin is tanking today, depending on which exchange you are looking at Bitcoin, or BTC, is hovering over $11,000.  It was not that long ago that Bitcoin was barreling down on $20,000 per BTC. But oh, what a day or two makes… Read More

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