Current
Summary active Updated Jun 12, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Current is a New York-based consumer fintech platform offering banking, payments, liquidity, and credit products 1. On June 11, 2026, the company announced an $80 million Series E equity financing led by Springcoast Partners at a $1.5 billion valuation 123. CEO Stuart Sopp said the company has posted three consecutive years of more than 70% growth and is crossing over to profitability 1. Andreessen Horowitz, Tiger Global Management, Avenir, Foundation Capital, Wellington Management, Sapphire Ventures, General Catalyst, Cross River, and QED Investors participated 13.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-11 | Series E | $80M | Springcoast Partners | Andreessen Horowitz, Tiger Global Management, Avenir, Foundation Capital, Wellington Management, Sapphire Ventures, General Catalyst, Cross River, QED Investors 123 |
What Investors Say
“Current has built a platform with comprehensive banking solutions that are making real differences in people’s lives.” — Springcoast Partners, on leading the Series E 1
What Founders Say
“That focus has driven three consecutive years of more than 70% growth, strong unit economics, and a crossing over to profitability.” — Stuart Sopp, CEO and Co-Founder, Current 1
Sources
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Current press release via PR Newswire, “Current Secures $80 Million Series E at $1.5 Billion Valuation Following Third Consecutive Year of 70%+ Growth,” June 11, 2026. https://www.prnewswire.com/news-releases/current-secures-80-million-series-e-at-1-5-billion-valuation-following-third-consecutive-year-of-70-growth-302797260.html↩↩↩↩↩↩↩
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Paul Hastings LLP, “Paul Hastings Advises Current on Its Series E Financing Led by Springcoast Partners,” June 2026. https://www.paulhastings.com/news/paul-hastings-advises-current-on-its-series-e-financing-led-by-springcoast-partners↩↩
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AlleyWatch Startup Daily Funding Report, June 11, 2026. https://www.alleywatch.com/2026/06/the-alleywatch-startup-daily-funding-report-6-11-2026/↩↩↩