The American Fintech Council (AFC) has announced that Community Investment Management (CIM) has joined as its newest strategic partner. CIM is known for financing fintech companies that aim to increase access to capital for small businesses and underserved communities. With over $1 billion in assets under management, CIM brings significant experience in responsible lending practices.

Phil Goldfeder, Chief Executive Officer of AFC, stated, “CIM is a leading innovator in expanding access to responsible lending within underserved communities. By investing in responsible solutions for communities the financial services industry has traditionally overlooked, CIM helps create equitable economic growth in a healthy and sustainable way. We are excited to welcome CIM to AFC and work together on solutions to increase financial inclusion and better serve those who most need access to responsible financial tools.”

CIM focuses on both small business and consumer lending, aiming to build an inclusive ecosystem for lending products. It partners with credit providers offering transparent financial solutions to expand their reach into historically underserved markets. Many businesses funded by CIM are owned by women, people of color, or military veterans.

Jacob Haar, Co-Founder & Managing Partner of CIM, expressed enthusiasm about joining AFC: “We are proud to join the community of responsible fintech innovators AFC represents and collaborate with like-minded stakeholders who share our focus on innovation as the key to strengthening our small businesses and local communities. Consumers and small businesses that have historically lacked access to responsible financial tools should be at the center of policymaking and investing decisions. We look forward to advocating for the interests of the communities we serve and ensuring we build an inclusive financial future for all.”

The AFC is a trade association representing major fintech companies and innovative banks focused on promoting transparency, inclusivity, and customer-centricity in finance through support for responsible innovation.

Community Investment Management provides strategic debt capital globally to fintechs addressing needs in underserved U.S. communities and emerging markets.