Tagged: Stuart Sopp

Current Raises $220 Million Series D, Now Valued at $2.2 Billion – Triples in Value in Just 5 Months

stuart sopp

Current, a fast-growing neo-bank, has raised $220 million at a valuation of $2.2 billion. Current notes that the company has tripled in value in the past 5 months. In total, Current has raised $400 million in venture funding. The Series D funding round was led… Read More

Digital Banking: US based Current Says it Helped Consumers Save Over $100 Million in Overdraft Fees

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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

Digital Bank Current Tops 2 Million Users, Raises $131 Million Series C

stuart sopp

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

Banking Challenger Current and Payments Tech Firm InComm to Offer Customers Option to Make Cash Deposits to Accounts at Major US Retail Outlets

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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

Stuart Sopp, CEO at Digital Bank Current, Explains Why It’s Critical to Assist Low Wage Earners, Especially During COVID-19

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Stuart Sopp, founder and CEO at digital bank Current, has previously noted that the COVID-19 outbreak has shown how his company serves employees whose roles are considered essential during the global pandemic. In June 2020, Sopp had confirmed that Current would remain focused on spending,… Read More

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

stuart sopp

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

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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 Bank Current Raises $20 Million in Series B

stuart sopp

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

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

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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

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