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Copper profile

Who owns Copper?

traditional · Seattle, US · Partner-bank model · custody: Custodial

short answerCopper is not itself a bank. It runs on a partner-bank (BaaS) model and works with Evolve Bank & Trust — the licensed bank that actually holds customer deposits behind the app.

Is Copper a licensed bank?

No — a partner bank (Evolve Bank & Trust) holds the money. Licence detail: Partner bank (Evolve Bank & Trust); relaunched family banking after 2024 Synapse collapse.

Where is your money held?

Custody model: Custodial.

Copper runs on: Evolve Bank & Trust (BIN sponsor bank) · Synapse (BaaS middleware). Full stack on the infra map.

Who's behind Copper?

Copper was founded by Eddie Behringer, Stefan Berglund (2019), headquartered in Seattle, US.

Is my money safe with Copper?

Your money is held by Evolve Bank & Trust, so any deposit insurance flows through that sponsor bank — not Copper itself. Check the sponsor's scheme and whether balances are "passed through" for per-customer insurance.

go deeperSee the full Copper profile with every verified field, or Copper alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.