RiskReversal Pod Playing Dangerous Games with Stuart Sopp, CEO of Current
Aug 22, 2025
Stuart Sopp, CEO and co-founder of Current, shares his insights on the financial struggles faced by U.S. consumers, particularly those in the gig economy. He delves into the impact of tariffs on major retailers and how they affect spending. The conversation highlights the economic divide, emphasizing housing affordability issues for young renters. Sopp also explores emerging investment opportunities amid inflation, the risks of stablecoins, and the evolving role of AI in financial services.
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Everyday Americans Living A Perpetual Recession
- Current's customers live paycheck-to-paycheck and often work multiple gigs to make ends meet.
- Stuart Sopp says this group is largely insulated in spend but remains financially fragile.
Product Growth Can Signal Consumer Stress
- Current's rapid growth partly reflects demand for liquidity between paychecks and affordable banking.
- Sopp notes that strong customer acquisition may signal underlying consumer stress, not just business success.
Growth Fueled By Referrals And Social
- Stuart Sopp says about 40% of Current's growth comes from word-of-mouth and referrals.
- He emphasizes heavy paid social use like TikTok and YouTube to acquire customers.