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Stuart Sopp - 4 Sopp - 1 CNBC's - 1 doesn't - 1 He's - 1 They're - 1 Morgan Stanley - 1
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Search resuls for: "Stuart Sopp"


7 mentions found


☆ Liquidity is pulling back from the demo who needs it most, warns Current CEO
  + stars: | 2024-02-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLiquidity is pulling back from the demo who needs it most, warns Current CEOStuart Sopp, Current CEO & Co-Founder, joins 'Fast Money' to talk the latest CPI report, the impact of inflation on consumers, teh FinTech space and more.
Persons: Stuart Sopp
☆ One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs
  + stars: | 2023-11-02 | by ( Stephanie Landsman | ) www.cnbc.com   time to read: +1 min
Current CEO Stuart Sopp finds almost half of the firm's payment customers have more than one job. "If you're having a paycheck over the past year, 20, 25% of paycheck depositors have at least one extra job. From DoorDash to Shopify to side businesses, Sopp finds the number is higher than prior years because money doesn't go as far. Sopp launched Current, which provides mobile banking without monthly fees and offers secured credit cards, in 2015. "They're being forced into risks like risky credit cards," noted Sopp, a former Morgan Stanley trader.
Persons: Stuart Sopp, Sopp, CNBC's, doesn't, He's, They're, Morgan Stanley Organizations: Federal Reserve Bank of New Locations: Shopify, America, Federal Reserve Bank of New York
☆ Almost half of Current's payment customers have more than one job, says firm's CEO
  + stars: | 2023-11-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlmost half of Current's payment customers have more than one job, says firm's CEOStuart Sopp, Current CEO, joins 'Fast Money' to talk user trends, the Buy Now Pay Later space, Current's offerings and more.
Persons: Stuart Sopp
☆ Affluent consumers driving ‘goldilocks period’ spending, Current CEO Stuart Sopp finds
  + stars: | 2023-08-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAffluent consumers driving ‘goldilocks period’ spending, Current CEO Stuart Sopp findsStuart Sopp, Current CEO, joins 'Fast Money' to talk he state of the consumer, retail earnings ahead, the role of affluent customers and more.
Persons: Stuart Sopp
☆ Current CEO Stuart Sopp says the 'duration bubble' is bursting for banks
  + stars: | 2023-05-04 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCurrent CEO Stuart Sopp says the 'duration bubble' is bursting for banksStuart Sopp, Current CEO, joins 'Fast Money' to discuss the regional banking crisis and what it means for the fintech space.
☆ Major fintech firm CEO on bank turmoil: Nothing has materially broken yet
  + stars: | 2023-03-23 | by ( Melissa Lee | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMajor fintech firm CEO on bank turmoil: Nothing has materially broken yetCurrent CEO Stuart Sopp on whether there's more bank turmoil ahead. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Tim Seymour, Guy Adami and Dan Nathan.
☆ The fintech reckoning is upon us. Here’s what to expect next year
  + stars: | 2022-12-28 | by ( Hugh Son | ) www.cnbc.com   time to read: +9 min
Many fintech companies — particularly those dealing directly with retail borrowers — will be forced to shut down or sell themselves next year as startups run out of funding, according to investors, founders and investment bankers. Other private companies with a reasonable path to profitability will typically get funding from existing investors. The frenzy peaked in 2021, when fintech companies raised more than $130 billion and minted more than 100 new unicorns, or companies with at least $1 billion in valuation. "20% of all VC dollars went into fintech in 2021," said Stuart Sopp, founder and CEO of digital bank Current. "The competitive landscape shifts the most during periods of fear, uncertainty and doubt," said Kelly Rodriques, CEO of Forge, a trading venue for private company stock.
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