Fintech Insider Podcast by 11:FS

925. News: Current eyes profitability, VRPs, and who's on Santa's fintech naughty list?

Dec 23, 2024
Guest
Trevor Marshall
Guest
Emily Nicolle
Guest
Fliss Berridge
This lively conversation features Fliss Berridge, UK Managing Director of Ordo, Emily Nicolle, Crypto and Fintech Reporter at Bloomberg, and Trevor Marshall, CTO of Current. They dive into Current's impressive $200 million fundraising aimed at boosting profitability. The launch of an open banking solution for real-time payments garners attention. The discussion also tackles the challenge of rising card fees from Visa and Mastercard, and in a fun twist, they reveal who's made Santa's fintech naughty or nice list, adding some holiday cheer!
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INSIGHT

Current's offerings

  • Current is a fintech providing services to millions of Americans.
  • They offer various products, such as credit building and earned wage access.
ANECDOTE

Current's Growth

  • Current, a US personal finance app, saw a 90% revenue surge this year.
  • They target profitability by 2025 after raising $200 million.
INSIGHT

Product-Market Fit

  • Current achieved product-market fit by building a banking core and liquidity solutions.
  • This full banking solution and cash flow underwriting fueled their 90% revenue increase.
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