# Current

> Current is an American neobank offering mobile banking, early payday and teen accounts through partner banks.

Source: https://www.neobank.wiki/wiki/current
Last updated: 2026-08-11
Categories: Financial technology, United States neobanks, Partner-bank neobanks, Consumer neobanks, Companies founded in 2015

**Current** is an American [neobank](/wiki/neobank) founded in 2015 and based in New York City. It provides mobile checking and savings accounts, debit cards and family/teen banking through partner banks rather than its own charter.[^current1]

## History

Current launched with a focus on fee-transparent mobile banking and later emphasised early direct-deposit payday and household accounts that let parents supervise teens' spending. Growth has been concentrated among younger US consumers.

## Founders

**Stuart Sopp** is co-founder and chief executive officer of [Current](/wiki/current), the New York-based American [neobank](/wiki/neobank). A former Wall Street trader with experience across multiple global institutions, Sopp co-founded Current in 2015 to rebuild mobile banking for consumers he believed traditional banks underserved—especially younger households. He has emphasised owning core banking technology rather than renting every layer of the stack.

**Trevor Marshall** is co-founder and chief technology officer. Marshall partnered with Sopp to design Current's product and infrastructure, including early work on proprietary core systems used for spending accounts, early payday, rewards and family/teen banking supervised by parents.

## Business model

Current operates as a partner-bank [neobank](/wiki/neobank): it owns the consumer app and brand while chartered banks hold deposits and provide FDIC insurance. Revenue typically comes from interchange, premium features and credit-adjacent products. The company has invested in proprietary core technology to differentiate from peers that outsource more of the stack.

## Reception

Current competes with [Chime](/wiki/chime) and [Varo](/wiki/varo) for younger U.S. customers seeking early payday, low fees and family accounts. Press coverage emphasises Gen Z adoption and the build-vs-buy debate in neobank infrastructure.

## Products

Products include a spending account with debit card, savings goals, overdraft advances, rewards and multi-account family setups. Deposits are held at partner banks with federal deposit insurance.

## Infobox

- **Type**: Private
- **Founded**: 2015
- **Founders**: Stuart Sopp, Trevor Marshall
- **Headquarters**: New York, U.S.
- **Model**: Partner-bank neobank

## Frequently asked questions

### What is Current?

Current is an American neobank offering mobile banking, early payday and teen accounts through partner banks.

### When was Current founded?

Current was founded in 2015.

### Where is Current headquartered?

Current is headquartered in New York, U.S..

### Who founded Current?

Current was founded by Stuart Sopp, Trevor Marshall.

### What type of company is Current?

Current is described as Partner-bank neobank in its neobank.wiki profile.


## References

[^current1]: Current is a financial technology company; banking services are provided by partner banks. — https://current.com/