Current’s Stuart Sopp on Banking the Under-Banked During Covid-19
In this episode, Ryan Zauk sits down with Stuart Sopp, CEO and Founder of Current.
Current is a leading U.S. based challenger bank enabling access to affordable and premium financial services to people traditionally overlooked by the banking industry. They just raised additional funding from Foundation Capital and are on track to hit 2 million customers by the end of 2020.
From 1999–2014, Stuart spent his career developing and trading financial systems at Morgan Stanley, Citi, and Deutsche Bank. He started Current after recognizing that the growing inequality gap could be addressed through innovation in technology to improve financial outcomes for everyone.
In this episode, Stuart discusses:
- Current’s crucial contribution to the COVID’s frontline workers
- Why banks have historically overlooked Current’s customers
- What’s wrong with the phrase ‘choosing your investors’
- His view on the extremely competitive FinTech space and Current’s key competitive advantage
- And much more…including a surprising quarantine hobby
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Ryan Zauk
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Ryan Zauk is an MBA Candidate at The Wharton School, where he runs the Wharton FinTech Podcast. After graduation, Ryan will join Morgan Stanley’s Menlo Park Office focused on technology. He has a passion for music, media, and all things FinTech.
You can reach him at rzauk@wharton.upenn.edu or on Twitter.
