The problem
Paycheck-to-paycheck Americans pay overdraft fees, wait for wages and get shut out of credit by banks
What they do
Mobile banking app with early paycheck access, cash advances and a credit-building card
Traction Revenue up 70%+ for a third straight year; 6M+ members; now EBITDA profitable
Hiring trend
- Open roles
- 20
- Ops roles
- 4
- Headcount
- ~500
Growing: ~275 (2023) to ~490-520 staff (2026), ~+40% YoY; open roles up ~180% YoY (est.)
Latest news
Oct 2026
CEO says Current has reached EBITDA profitability; earned wage access raised to $1,000 ↗Glassdoor
4.2 ★ 61 reviews ↗Funding
- Last round
- $80M
- Stage
- Series E
- Date
- Jun 2026
Led by Springcoast Partners (growth equity); existing a16z, Tiger Global, Avenir, Wellington, Sapphire, QED
- Hiring+1.520 open roles on the live job board (10–29 roles = +1.5)
- Funding recency+1.5Series E · $80M, Jun 2026 (4 months ago): 6 months or less = +1.5
- Traction+1.5Strong growth: Revenue up 70%+ for a third straight year; 6M+ members; now EBITDA profitable
- Red flags−11 significant flag in the last 24 months, −1 eachDown round: Jun 2026 Series E valued Current at $1.5B, about a third below its $2.2B 2021 markThe Next Web, Jun 2026: Series E values the neobank below its 2021 peak ↗ · New York Business Journal, Jun 2026: $1.5B valuation, down from 2021 ↗
- Total3.51.5 + 1.5 + 1.5 − 1 = 3.5 → Tempo (3.5–4.24)
Distance (Half) is a separate read on how long the lead can last. It doesn't change the score.
Distance
Half · edge: hard to leave
A strong #2-3 US neobank (6M+ members, 70%+ growth three years running, now EBITDA profitable) where members keep their paychecks, but Chime is far bigger, it relies on partner banks, and Revolut and Nubank are entering the US.
Sources: PR Newswire, Jun 2026: Series E, third year of 70%+ growth, millions of members ↗ · American Banker, Jun 2026: 6M customers, competes with Chime, partner banks Cross River and Choice ↗ · Fintech Business Weekly podcast, Oct 2026: EBITDA profitability ↗
Watch-outs
Down round: Jun 2026 Series E valued Current at $1.5B, about a third below its $2.2B 2021 mark
Sources: The Next Web, Jun 2026: Series E values the neobank below its 2021 peak ↗ · New York Business Journal, Jun 2026: $1.5B valuation, down from 2021 ↗
Last checked Oct 13, 2026