PitchBook reported Current was in preliminary discussions to raise fresh capital at a discount to its last valuation, indicating a potential down-round / valuation reset.
SourcePublic company, workplace, funding, and market signals
Updated Jul 29, 2026
Current is a New York-based consumer fintech platform and mobile banking app that helps everyday Americans manage spending, build credit, access paychecks faster, and save—while operating as a fintech, not a bank, with services delivered through partner banks.
Primary product
Mobile-first banking app / consumer banking platform with spending accounts, credit-building, savings, and paycheck access features
Founded
2015
Headquarters
New York, New York, United States
Team size
51-200 employees
Industry
Financial Services
Sub-industry
Consumer fintech / digital banking / neobank
Offices
0 jobs at Current
Check back later for new openings
Business model
Stage
Series E
Total raised
$663.4M
Latest round
Series E · Jun 2026
Latest amount
$80M
Jun 2026 · Springcoast Partners
Dec 2024 · Andreessen Horowitz
Apr 2021 · Andreessen Horowitz
Nov 2020 · Tiger Global Management
Nov 2019 · QED Investors
May 2019 · QED Investors
Mar 2017 · Expa
Leadership
CEO and Co-Founder
CTO and Co-Founder
Chief Financial Officer
VP of Communications
SVP Product
Chief Risk Officer
Investors
Mission-driven and product-oriented, with a strong emphasis on improving financial outcomes, combining technology and talent, and building trusted financial products for everyday Americans.
Compensation
Public careers pages advertise competitive salary, equity, a discretionary bonus program, flexible vacation, medical/dental/vision coverage, and commuter benefits.
Benefits
Pricing
No mandatory-fee consumer banking app with an optional premium subscription tier (Current Max) and interchange-driven economics.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$10M-$20M (LinkedIn estimate; roughly $14M reported in public profile snippets)
Estimated monthly visits
2.3M
Traffic estimate as of Jul 2026
PitchBook reported Current was in preliminary discussions to raise fresh capital at a discount to its last valuation, indicating a potential down-round / valuation reset.
SourceCurrent’s Series E priced the company at $1.5B, below the $2.2B valuation from 2021, which reflects a valuation reset even as the business kept growing.
SourceThe Next Web · Jun 2026
Explains the June 2026 raise as a down round versus Current’s prior $2.2B valuation and frames it as a public-market-readiness step.
Current / PR Newswire · Jun 2026
Company announced an $80M Series E led by Springcoast Partners, said it has posted three consecutive years of 70%+ growth, and expects profitability in 2026.
PR Newswire · Dec 2024
Current said 2024 revenue grew more than 90% and that it secured $200M in additional capital to accelerate growth and profitability.
PitchBook · Oct 2024
Reported Current was in preliminary discussions to raise capital at a discount to its last valuation, signaling valuation pressure in fintech.