Former Wall Street Trader Raises Series C for Current Challenger Bank
Posted on 11/24/2020
New York-based Finco Services, Inc. is a challenger bank that is doing business as Current. Finco Services raised US$ 131 million in a Series C round that was led by Tiger Global Management. Other investors in the round include Sapphire Ventures, Avenir and return backers Foundation Capital, Wellington Management Company, and QED Investors.
Stuart Sopp started the company in 2015. Before that Sopp was a trader at Morgan Stanley, Citi, Deutsche Bank, and BNY Mellon. Sopp developed financial systems and trading at the various Wall Street banks.