New York based children's debit card startup Current has raised $3.6m in Series Seed funding led by Expa and Human Ventures. Current creates debit cards for children funded directly from the parent's bank account.
Who carries around cash anymore? The answer? Parents, who still need to hand out allowance and pocket money to their kids. That’s where Current comes in. Current is the latest company out of Expa, and was built by Stuart Sopp. Sopp told TechCrunch that he built Current out of a personal need — he has a seven-year-old daughter who often wants to make purchases online but (obviously) can’t have her own credit card. Until now. Current lets parents sign up for an account online and put in their kid’s information. They then get a debit card for their child that is funded exclusively from the parents’ bank account, and is accepted anywhere VISA is accepted.