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Current profile

Who owns Current?

traditional · New York, US · Partner-bank model · custody: Custodial

short answerCurrent is not itself a bank. It runs on a partner-bank (BaaS) model and works with Choice Financial Group and Cross River Bank — the licensed banks that actually hold customer deposits behind the app. Current's most notable disclosed backers include Andreessen Horowitz, Tiger Global, Avenir Growth and Foundation Capital.

Is Current a licensed bank?

No — a partner bank (Choice Financial Group and Cross River Bank) holds the money. Licence detail: Partner banks (Choice, Cross River).

Where is your money held?

Custody model: Custodial.

Current runs on: Choice Financial Group (BIN sponsor bank) · Cross River Bank (BIN sponsor bank) · Plaid (data connectivity). Full stack on the infra map.

Who's behind Current?

Current was founded by Stuart Sopp (2015), headquartered in New York, US.

Early investors

Notable venture and strategic investors from Current's publicly disclosed funding rounds (~$400M raised).

Andreessen Horowitz ↗ Tiger Global ↗ Avenir Growth ↗ Foundation Capital ↗

Is my money safe with Current?

Your money is held by Choice Financial Group and Cross River Bank, so any deposit insurance flows through that sponsor bank — not Current itself. Check the sponsor's scheme and whether balances are "passed through" for per-customer insurance.

go deeperSee the full Current profile with every verified field, or Current 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.