# Current

> Source: https://docs.barcoder.ai/docs/wallets/current
> research date 2026-05-30 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Current — official](https://current.com/)

## Overview

**Current** is **US Gen Z neobank + family fintech** + **~$2.2B valuation post-Apr 2021 Series D** + **Andreessen Horowitz a16z + Avenir + Tiger Global + EXOR + Wellington + Foundation Capital + General Catalyst + venture capital investors** + **4M+ members** + **US Gen Z neobank + teen banking + adult neobank pivot post-2020** + **digital-only banks saw 37% YoY growth in Gen Z users 2025** <sup>[1][1], [2][2], [United States report](https://docs.barcoder.ai/docs/payments/US)</sup>. **2025 baseline**: Current 4M+ members + US Gen Z neobank + teen banking + adult neobank pivot post-2020 + ~$2.2B valuation post-Apr 2021 Series D; **About two-thirds of Generation Z (63%) use mobile banking apps most often, 86% of Gen Z use mobile banking monthly, 92% of Gen Z consumers prefer to use mobile banking apps over visiting a branch, and they log in to mobile banking apps 52% more often than Millennials + 72% of Gen Z would rather open a bank account via app than visit a branch + 45% of millennials and Gen Z say they only bank digitally + digital-only banks saw a 37% year-over-year growth in Gen Z users in 2025** distinctive US Gen Z digital-only banking adoption; **82% of Gen Z are willing to switch banks for improved digital services**; **Nearly four million Gen Z consumers will open new bank accounts annually through 2026**.

**Distinctive Current positioning**:
- **US Gen Z neobank + family fintech** (Current; privately-held; ~$2.2B valuation post-Apr 2021 Series D)
- **~$2.2B valuation post-Apr 2021 Series D** distinctive US Gen Z neobank pre-IPO valuation
- **Andreessen Horowitz a16z + Avenir + Tiger Global + EXOR + Wellington + Foundation Capital + General Catalyst + venture capital investors** distinctive US Gen Z neobank investor base
- **4M+ members** distinctive US Gen Z neobank member scale
- **US Gen Z neobank + teen banking + adult neobank pivot post-2020** distinctive US Gen Z neobank product evolution
- **2015 Current founding for Gen Z neobanking** distinctive US Gen Z neobank heritage
- **Current Mobile Banking Visa debit card + Current Pay Advance + Current Build + Current Boosts cashback rewards** distinctive US Gen Z neobank product suite
- **Current US Gen Z neobank using partner-issued banking model via Choice Financial Group + Cross River Bank** distinctive US Gen Z neobank BaaS model

## History

**2015 — Current founded by Stuart Sopp + Trevor Marshall in New York City** distinctive US Gen Z neobank heritage.

**2017-2020 — Current as US teen banking app** distinctive US teen banking phase.

**Post-2020 — Current pivots to US Gen Z + adult neobank** distinctive US Gen Z neobank product evolution.

**Apr 2021 — Current Series D + $220M + ~$2.2B valuation + Andreessen Horowitz a16z + Avenir + Tiger Global + EXOR + Wellington + Foundation Capital + General Catalyst + venture capital investors** distinctive US Gen Z neobank Series D funding.

**2025 — Current 4M+ members + digital-only banks saw 37% YoY growth in Gen Z users 2025 + About two-thirds of Generation Z (63%) use mobile banking apps most often + 86% of Gen Z use mobile banking monthly + 92% of Gen Z consumers prefer to use mobile banking apps over visiting a branch** <sup>[1][1], [3][3]</sup>.

## Ownership & operator

**Operating entity**: **Current** (privately-held; ~$2.2B valuation post-Apr 2021 Series D; US Gen Z neobank + family fintech; Andreessen Horowitz a16z + Avenir + Tiger Global + EXOR + others investors).

**Major shareholders**: **Stuart Sopp (founder + CEO) + Trevor Marshall (co-founder + CTO) + Andreessen Horowitz a16z (Apr 2021 Series D lead) + Avenir + Tiger Global + EXOR + Wellington + Foundation Capital + General Catalyst + venture capital investors**.

**Regulators**: **FDIC + OCC (via partner banks Choice Financial Group + Cross River Bank)**.

## Technical integration

Current mobile app (iOS + Android; 4M+ members) + current.com online + Current Visa debit card (FDIC-insured via partner banks Choice Financial Group + Cross River Bank) + Current Pay Advance + Current Build + Current Boosts cashback rewards + Current Savings; ACH + RTP + Zelle; **Current Mobile Banking Visa debit card + Current Pay Advance + Current Build + Current Boosts cashback rewards** distinctive US Gen Z neobank product suite + **Current US Gen Z neobank using partner-issued banking model via Choice Financial Group + Cross River Bank** distinctive US Gen Z neobank BaaS model.

## Users & growth

**2025**: Current 4M+ members + digital-only banks saw 37% YoY growth in Gen Z users 2025 + About two-thirds of Generation Z (63%) use mobile banking apps most often + 86% of Gen Z use mobile banking monthly + 92% of Gen Z consumers prefer to use mobile banking apps over visiting a branch + 82% of Gen Z are willing to switch banks for improved digital services + Nearly four million Gen Z consumers will open new bank accounts annually through 2026.

## Use cases

US retail + Gen Z + family + adult neobank + teen banking + pay advance + cashback rewards + credit builder via Current mobile + current.com online + Visa debit card; ACH + RTP + Zelle; **Current Mobile Banking Visa debit card + Current Pay Advance + Current Build + Current Boosts cashback rewards** distinctive US Gen Z neobank product suite.

## Implementations & partners

**Operator**: Current (privately-held; ~$2.2B valuation post-Apr 2021 Series D; US Gen Z neobank + family fintech; Andreessen Horowitz a16z + Avenir + Tiger Global + EXOR + others investors); Stuart Sopp (founder + CEO) + Trevor Marshall (co-founder + CTO) + Andreessen Horowitz a16z (Apr 2021 Series D lead) + Avenir + Tiger Global + EXOR + Wellington + Foundation Capital + General Catalyst + venture capital investors.

**Partner banks**: **Choice Financial Group + Cross River Bank** distinctive US Gen Z neobank BaaS model.

**Major US Gen Z neobank + family fintech + teen banking competitors**: [Chime](https://docs.barcoder.ai/docs/wallets/chime) (US largest neobank for low-income + financially underserved; 8.6M active members; ~25M signups; post-Jun 12 2025 NASDAQ IPO at $11.2B → $18.2B day skyrocket; Bancorp Bank + Stride Bank partner-issued) + [Varo Bank](https://docs.barcoder.ai/docs/wallets/varo) (US first neobank to receive full-service national bank charter from OCC Jul 31 2020) + [Step](https://docs.barcoder.ai/docs/wallets/step) (US teen banking + Step Card; targeting teens 13-18; Apr 2021 $100M Series C; Steph Curry investor) + [Greenlight](https://docs.barcoder.ai/docs/wallets/greenlight) (US family fintech for kids+teens+parents; 6M+ users Jan 2025; 33% market penetration in teen app category; $2.3B valuation post-Apr 2021 a16z Series D) + [GoHenry (Acorns Early)](https://docs.barcoder.ai/docs/wallets/gohenry) (UK + US prepaid debit card + financial education app for 6-18 year olds; Acorns subsidiary post-Apr 2023 Acorns acquisition + Acorns Early rebranding for US users) + [SoFi](https://docs.barcoder.ai/docs/wallets/sofi) (US neobank + lending + investing all-in-one fintech + OCC national bank charter Jan 2022 + 15M+ members + SoFiUSD stablecoin May 2026) + [Acorns](https://docs.barcoder.ai/docs/wallets/acorns) (US micro-investing + family wealth + banking; ~15.5M+ users + $26B+ saved/invested) + [Robinhood](https://docs.barcoder.ai/docs/wallets/robinhood) (US commission-free trading + crypto; NASDAQ: HOOD; 23.9M+ funded customers Q3 2025) + [Cash App](https://docs.barcoder.ai/docs/wallets/cash-app) (Block Inc Cash App; US #2 P2P payments app; ~57M monthly transacting actives Q4 2024) + [Venmo](https://docs.barcoder.ai/docs/wallets/venmo) (PayPal Venmo US #1 P2P payments app; 90M+ active users; PayPal Holdings; NASDAQ: PYPL).

**Regulators**: FDIC + OCC (via partner banks Choice Financial Group + Cross River Bank).

## Fun facts

- **US Gen Z neobank + family fintech** (Current; privately-held; ~$2.2B valuation post-Apr 2021 Series D).
- **~$2.2B valuation post-Apr 2021 Series D** distinctive US Gen Z neobank pre-IPO valuation.
- **Andreessen Horowitz a16z + Avenir + Tiger Global + EXOR + Wellington + Foundation Capital + General Catalyst + venture capital investors** distinctive US Gen Z neobank investor base.
- **4M+ members** distinctive US Gen Z neobank member scale.
- **US Gen Z neobank + teen banking + adult neobank pivot post-2020** distinctive US Gen Z neobank product evolution.
- **2015 Current founding for Gen Z neobanking** distinctive US Gen Z neobank heritage.
- **Current Mobile Banking Visa debit card + Current Pay Advance + Current Build + Current Boosts cashback rewards** distinctive US Gen Z neobank product suite.
- **Current US Gen Z neobank using partner-issued banking model via Choice Financial Group + Cross River Bank** distinctive US Gen Z neobank BaaS model.
- **Digital-only banks saw a 37% year-over-year growth in Gen Z users in 2025**.
- **About two-thirds of Generation Z (63%) use mobile banking apps most often**.

## Comparison

| Feature | Current | [Chime](https://docs.barcoder.ai/docs/wallets/chime) (US largest neobank for low-income + financially underserved rival; 8.6M active members; ~25M signups; post-Jun 12 2025 NASDAQ IPO) | [Step](https://docs.barcoder.ai/docs/wallets/step) (US teen banking + Step Card rival; targeting teens 13-18; Apr 2021 $100M Series C; Steph Curry investor) | [Greenlight](https://docs.barcoder.ai/docs/wallets/greenlight) (US family fintech for kids+teens+parents rival; 6M+ users Jan 2025; $2.3B valuation post-Apr 2021 a16z Series D) | [SoFi](https://docs.barcoder.ai/docs/wallets/sofi) (US neobank + lending + investing rival + OCC national bank charter Jan 2022 + 15M+ members) |
|---|---|---|---|---|---|
| Operator | **Current (privately-held; ~$2.2B valuation post-Apr 2021 Series D; US Gen Z neobank + family fintech)** | Chime Financial Inc. (NASDAQ: CHYM; post-Jun 12 2025 NASDAQ IPO) | Step Mobile Inc (privately-held; US teen banking) | Greenlight Financial Technology Inc (privately-held; $2.3B valuation post-Apr 2021 Series D from a16z) | SoFi Technologies Inc. (NASDAQ: SOFI) |
| Type | **US Gen Z neobank + family fintech + ~$2.2B valuation post-Apr 2021 Series D + Andreessen Horowitz a16z + Avenir + Tiger Global + EXOR + Wellington + Foundation Capital + General Catalyst investors + 4M+ members + US Gen Z neobank + teen banking + adult neobank pivot post-2020 + Current Mobile Banking Visa debit card + Current Pay Advance + Current Build + Current Boosts cashback rewards** | US largest neobank for low-income + financially underserved + 8.6M active members + ~25M signups + Jun 12 2025 NASDAQ IPO $11.2B → $18.2B day skyrocket + Bancorp Bank + Stride Bank partner-issued | US teen banking + Step Card + targeting teens 13-18 + Apr 2021 $100M Series C + ~$920M valuation + Steph Curry investor | US family fintech for kids+teens+parents + 6M+ users Jan 2025 + 33% market penetration in teen app category + $2.3B valuation post-Apr 2021 Series D from a16z + 67k+ U.S. Bank parents and kids via embedded experience Jun 2025 | US neobank + lending + investing all-in-one fintech + OCC national bank charter Jan 2022 + 15M+ members + SoFiUSD stablecoin May 2026 |
| Country | US | US | US | US | US |
| Distinctive | **2015 Current founding by Stuart Sopp + Trevor Marshall in New York City; 2017-2020 Current as US teen banking app; Post-2020 Current pivots to US Gen Z + adult neobank; Apr 2021 Current Series D + $220M + ~$2.2B valuation + a16z + Avenir + Tiger Global investors; 2025 Current 4M+ members + digital-only banks 37% YoY growth in Gen Z users 2025** | 2013 Chime founding by Chris Britt + Ryan King in San Francisco; 2014 Chime SpotMe overdraft protection; Jun 12 2025 NASDAQ IPO $11.2B → $18.2B day skyrocket | 2018 Step Mobile Inc founding by CJ MacDonald; 2020 Step launches as US teen banking app; Apr 27 2021 Step raises $100M Series C + announces Steph Curry investor + ~$920M valuation post-Series C | 2014 Greenlight founding by Tim Sheehan + Johnson Cook; Apr 2021 Greenlight Series D from a16z + $2.3B valuation | 2011 SoFi founding by Stanford University students; Jun 1 2021 SPAC public listing; Jan 2022 OCC national bank charter via Golden Pacific Bank $22.3M acquisition |

## Status

**Active, US Gen Z neobank + family fintech + ~$2.2B valuation post-Apr 2021 Series D + 4M+ members + US Gen Z neobank + teen banking + adult neobank pivot post-2020 + digital-only banks saw 37% YoY growth in Gen Z users 2025** <sup>[1][1], [2][2], [3][3]</sup>:
- **Current (privately-held; ~$2.2B valuation post-Apr 2021 Series D; US Gen Z neobank + family fintech)** since 2015 Current founding by Stuart Sopp + Trevor Marshall in New York City + 2017-2020 Current as US teen banking app + Post-2020 Current pivots to US Gen Z + adult neobank + Apr 2021 Current Series D + $220M + ~$2.2B valuation + a16z + Avenir + Tiger Global investors.
- **Current 4M+ members + digital-only banks saw 37% YoY growth in Gen Z users 2025**.
- **Current Mobile Banking Visa debit card + Current Pay Advance + Current Build + Current Boosts cashback rewards**.
- **FDIC + OCC regulated (via partner banks Choice Financial Group + Cross River Bank)**.

## Sources

[1]: https://current.com/ "Current — official"
[2]: https://www.mastercard.com/us/en/news-and-trends/stories/2025/gen-z-innovation-banking.html "How Gen Z is reshaping digital banking expectations — Mastercard US"
[3]: https://coinlaw.io/millennial-vs-gen-z-banking-preferences-statistics/ "Millennial vs. Gen Z Banking Preferences Statistics 2026 — CoinLaw"
[us-cro]: https://docs.barcoder.ai/docs/payments/US

- [1] [Current — official][1]
- [2] [How Gen Z is reshaping digital banking expectations — Mastercard US][2]
- [3] [Millennial vs. Gen Z Banking Preferences Statistics 2026 — CoinLaw][3]
- <sup>[United States report](https://docs.barcoder.ai/docs/payments/US)</sup> In-corpus: `reports/countries/US-united-states.md`

## Source

Biography extracted from [current.md](https://docs.barcoder.ai/source/wallets/current). See `matrix.md` for standards-support matrix if present.