# Current

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/current

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.current.com
- Total disclosed funding: $451M
- Latest round: Series E (Jun 10, 2026)
- Investors on record: 17

## About

Based in New York, US, Finco Services, Inc., d.b.a. Current is a financial technology company based in the US that offers innovative digital banking solutions tailored for modern consumers. Their services streamline everyday banking needs. Founded in 2015 by co-founder and CEO Stuart Sopp, Finco Services, Inc., doing business as Current operates as a financial technology firm that provides digital banking services. In June 2026, Current raised USD 80 million in series E funding led by Springcoast Partners, with participation from Andreessen Horowitz, Tiger Global Management, Avenir Growth Capital, Foundation Capital, Wellington Management, Sapphire Ventures, and QED Investors. The series E funding values Current at USD 1.5 billion post-money. Current offers a suite of digital banking solutions, including a mobile banking app, a Visa® debit card, and a secured charge card. Their services are designed to simplify banking experiences, featuring faster direct deposits, fee-free overdraft options, and a rewarding points program for everyday spending at selected retailers. Current primarily serves customers in the United States, focusing on individuals who seek modern banking solutions without the burden of traditional credit checks or minimum account balances.
Current generates revenue through transaction-based and fee-based structures linked to its financial products. Customers may incur specific fees such as out-of-network ATM fees and foreign transaction fees, contributing to the company’s earnings. Their business model emphasizes a direct-to-consumer approach, with flagship products like the Current Visa® debit card and secured charge card facilitating seamless financial transactions. Revenue streams are bolstered by consumer engagement through transaction fees and incentivized spending from the points program. The company will use the June 2026 funding to support continued investment in product innovation, AI-powered financial services, and the expansion of its banking, payments, liquidity, and credit offerings.

## Funding rounds

- Series E, Jun 10, 2026, $67M — Foundation Capital, Sapphire Ventures, Wellington Management, Tiger Global Management, Andreessen Horowitz, QED Investors, Avenir Growth Capital, Springcoast Partners
- Series D, Apr 27, 2021, $220M — Foundation Capital, Sapphire Ventures, Wellington Management, Tiger Global Management, Andreessen Horowitz, Expa, Avenir Growth Capital, TQ Ventures, Elizabeth Street Ventures
- Series C, Nov 19, 2020, $131M — Foundation Capital, Sapphire Ventures, Wellington Management, Tiger Global Management, QED Investors, Avenir Growth Capital, Elizabeth Street Ventures
- Series B, Oct 24, 2019, $20M — Foundation Capital, Wellington Management, QED Investors, Expa, CMFG Ventures, Galaxy Asset Management, Elizabeth Street Ventures
- Series A, Oct 12, 2017, $9.4M — QED Investors, Expa, Cota Capital, AAF Management, Elizabeth Street Ventures
- Seed, Mar 7, 2017, $3.6M — Expa, Future\Perfect Ventures, Human Ventures

## Investors

- Expa (https://capitalatlas.ai/funds/expa) — Seed, Series A, Series B, Series D
- Future\Perfect Ventures (https://capitalatlas.ai/funds/future-perfect-ventures) — Seed
- Human Ventures — Seed
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series A, Series B, Series C, Series E
- Cota Capital (https://capitalatlas.ai/funds/cota-capital) — Series A
- AAF Management (https://capitalatlas.ai/funds/aaf-management) — Series A
- Elizabeth Street Ventures (https://capitalatlas.ai/funds/elizabeth-street-ventures) — Series A, Series B, Series C, Series D
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series B, Series C, Series D, Series E
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series B, Series C, Series D, Series E
- CMFG Ventures — Series B
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Series B
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series C, Series D, Series E
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C, Series D, Series E
- Avenir Growth Capital (https://capitalatlas.ai/funds/avenir-growth-capital) — Series C, Series D, Series E
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series D, Series E
- TQ Ventures (https://capitalatlas.ai/funds/tq-ventures) — Series D
- Springcoast Partners (https://capitalatlas.ai/funds/springcoast-partners) — Series E