Wallets/current
Current
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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 [1, 2, us-cro]. 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 [1, 3].
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]] (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]] (US first neobank to receive full-service national bank charter from OCC Jul 31 2020) + [[step]] (US teen banking + Step Card; targeting teens 13-18; Apr 2021 $100M Series C; Steph Curry investor) + [[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]] (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]] (US neobank + lending + investing all-in-one fintech + OCC national bank charter Jan 2022 + 15M+ members + SoFiUSD stablecoin May 2026) + [[acorns]] (US micro-investing + family wealth + banking; ~15.5M+ users + $26B+ saved/invested) + [[robinhood]] (US commission-free trading + crypto; NASDAQ: HOOD; 23.9M+ funded customers Q3 2025) + [[cash-app]] (Block Inc Cash App; US #2 P2P payments app; ~57M monthly transacting actives Q4 2024) + [[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]] (US largest neobank for low-income + financially underserved rival; 8.6M active members; ~25M signups; post-Jun 12 2025 NASDAQ IPO) | [[step]] (US teen banking + Step Card rival; targeting teens 13-18; Apr 2021 $100M Series C; Steph Curry investor) | [[greenlight]] (US family fintech for kids+teens+parents rival; 6M+ users Jan 2025; $2.3B valuation post-Apr 2021 a16z Series D) | [[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 [1, 2, 3]:
- 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 Current — official
- 2 How Gen Z is reshaping digital banking expectations — Mastercard US
- 3 Millennial vs. Gen Z Banking Preferences Statistics 2026 — CoinLaw
- us-cro In-corpus:
reports/countries/US-united-states.md
Source
Biography extracted from current.md. See matrix.md for standards-support matrix if present.