New York based teenager focused debit card startup Current has raised a $5m Series A led by QED Investors.
Current also noted there are 30 million teens in the U.S., with 5 million aging into the demographic every year. And this generation is abandoning cash more quickly than their parents did – using it half as often. Plus, teens’ ATM transactions only account for less than four percent of their transactions, Current said, and they’re twice as likely to shop online as adults.