Tagged: current

March 23, 2021 @ 8:41 pm By Omar Faridi  |  

Digital banking challenger Current confirmed on March 12, 2021, that it began receiving and crediting stimulus payments “as of 11 am. ET on March 12.” The digital bank stated that it would  be crediting “all member accounts immediately, making all funds fully available as we… Read More

March 6, 2021 @ 10:48 am By Omar Faridi  |  

Current, one of the leading digital banks in the US, reveals that it’s been a busy few weeks at the company as they began receiving tax refunds for thousands of clients five working days faster than regular banks. Current claims that most of the money… Read More

January 25, 2021 @ 8:17 pm By Omar Faridi  |  

Current, one of the leading digital banks in the US, has noted that 2020 was “certainly not the year anyone was expecting,” however, for all the tribulations (not to mention “being in the epicenter of a pandemic” – above all), the company is quite proud… Read More

December 29, 2020 @ 10:36 pm By JD Alois  |  

As the most recent stimulus package dealing with COVID-driven economic damage became law, funds are being distributed across the country. Earlier this evening, the US Treasury Department and the Internal Revenue Service commenced delivering the second round of Economic Impact Payments to millions of Americans… Read More

November 24, 2020 @ 9:07 am By JD Alois  |  

Current, one of the leading digital banks in the US, has raised $131 million in a Series C funding round led by Tiger Global Management joined by new investors Sapphire Ventures and Avenir. Foundation Capital, Wellington Management Company, and QED Investors returned to fund the… Read More

November 10, 2020 @ 11:52 am By JD Alois  |  

Current, a US neobank, says it now has over 1.75 million users. In a blog post, Current displays its competitive position in comparison to other aspiring digital banks and Current fares pretty well. Using Apptopia information, Current shows its platform in second place in contrast… Read More

October 20, 2020 @ 11:51 am By JD Alois  |  

Following the recent news that digital bank Revolut will pursue a bank charter in California, Current has announced it has no intent on doing the same stating they are a “Fintech and not a bank.” Current, a Fintech that offers banking services in partnership with… Read More

September 2, 2020 @ 1:26 pm By Omar Faridi  |  

InComm, an established payments technology firm, and Current, a US-based challenger bank serving Americans who have been “overlooked” by traditional financial service providers, have introduced a product that will allow Current members to make cash deposits to their accounts at major physical store locations across… Read More

August 5, 2020 @ 1:22 pm By Omar Faridi  |  

Current, an established US-based banking challenger serving Americans “overlooked” by traditional banks, revealed on August 4, 2020, that it is launching a points rewards program for all its members. Current claims that it’s now the first US mobile bank to offer points rewards on purchases… Read More

June 18, 2020 @ 3:02 pm By JD Alois  |  

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

June 7, 2020 @ 6:58 pm By Omar Faridi  |  

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

April 11, 2020 @ 1:07 pm By JD Alois  |  

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

April 1, 2020 @ 12:01 pm By JD Alois  |  

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

October 24, 2019 @ 7:35 pm By JD Alois  |  

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

October 18, 2019 @ 3:10 pm By Omar Faridi  |  

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

October 13, 2019 @ 12:46 pm By Omar Faridi  |  

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

September 12, 2018 @ 3:46 pm By Samantha Hurst  |  

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

February 27, 2018 @ 2:30 pm By Samantha Hurst  |  

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

February 12, 2018 @ 10:55 pm By JD Alois  |  

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

January 16, 2018 @ 3:42 pm By JD Alois  |  

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