Current
American financial technology company
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| March 2025 | Current announced a new case study from Datos Insights titled 'Foregoing BaaS: How Owning the Core Fuels Current's Success', highlighting the company's strategic decision to build its own core banking platform as a key factor in its growth. |
| January 2025 | Current became a member of the American Fintech Council. |
| 2024 | Current was named to CNBC's 'The World's Top 250 Fintech Companies'. |
| December 2022 | Current exceeded four million accounts. |
| November 2022 | Current reached two million accounts, effectively doubling its member base in less than six months. |
| October 2022 | Current launched fee-free crypto trading in partnership with Zero Hash, enabling its over four million members to buy and sell dozens of coins with instant trade liquidity. |
| October 2022 | Current announced direct processing with Visa. |
| January 2022 | Current launched a 4% APY savings product. |
| April 2021 | Current approached nearly three million accounts. |
| March 2021 | Current again led neobanks by being the first to credit government stimulus payments, quickly distributing funds using its own balance sheet immediately after the Treasury Secretary's announcement. |
| 2020 | Current became the first U.S. consumer fintech to launch a points reward system based on debit, allowing members to earn cash back points at over 14,000 merchants nationwide. |
| 2020 | The Wall Street Journal reported Current's valuation at $750 million, highlighting the company's growth in mobile consumer banking during the COVID-19 pandemic. |
| December 2020 | Current was the first neobank to credit government stimulus payments, receiving and distributing funds hours after the Treasury Secretary's announcement. |
| October 2020 | Current announced it had no plans to pursue its own bank charter, continuing to operate through its partner bank Choice Financial Group. |
| June 2020 | Current reached one million accounts less than a year and a half after launching personal accounts. |
| April 2020 | Current became the first neobank to receive and distribute government stimulus payments under the CARES Act, crediting member accounts five days faster than traditional banks. |
| April 2020 | Current began adding over 100,000 new members each month for the remainder of the year. |
| December 12 2019 | Current applied for a patent (16424341 / 20190378121) for a 'Cryptographic Technology Platform And Methods For Providers To Enable Users To Monetize Their Data', which would allow customers to control and potentially monetize their personal data while maintaining privacy. |
| February 2019 | Current launched personal accounts for adults, featuring early wage access, fee-free overdraft up to $200, no minimum balance requirements, and instant gas hold removals. |
| May 2017 | Current launched its first product, a debit card for teens that can be controlled by parents. |
| June 2015 | Stuart Sopp founded Current, establishing the financial technology company in New York City to provide mobile banking services through partner bank Choice Financial Group. |
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