The American Fintech Council (AFC) has announced that Current, a consumer fintech banking platform with over 5 million members, is its newest member. This move brings Current into a community dedicated to promoting responsible innovation and financial inclusion across the United States.
Phil Goldfeder, Chief Executive Officer of AFC, stated, "Current is redefining what it means to be a financial partner for millions of Americans looking for a more transparent, user-friendly alternative to traditional banking. Their ability to leverage technology to provide faster access to funds, eliminate hidden fees, and support financial resilience is exactly the kind of innovation that aligns with AFC’s mission."
Current offers financial solutions aimed at improving access for all Americans. These include spending accounts without mandatory monthly fees, quicker paycheck access, savings pods, secured charge cards linked to spending balances, and earned wage access.
Stuart Sopp, CEO and Co-Founder of Current, remarked on the partnership: "At Current, we have always been focused on providing financial solutions that give our members access to their money when they need it. Joining the American Fintech Council strengthens our commitment to responsible innovation and ensuring financial solutions are designed with people’s needs at the forefront."
The AFC represents major fintech companies and innovative banks committed to fostering competition in consumer finance while promoting a transparent and customer-centric system.
Current is supported by investments from firms such as Andreessen Horowitz and Tiger Global Management.
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