The American Fintech Council (AFC), an association representing fintech companies and banks, announced Mercury as its latest member. Mercury, known for serving over 200,000 companies with financial solutions, joins AFC to enhance bank-fintech collaborations and advocate for regulatory clarity.
"Mercury’s focus on streamlining financial workflows to empower startups and grow businesses aligns with AFC’s mission to foster responsible innovation and financial inclusion," said Phil Goldfeder, CEO of the American Fintech Council. "Their products meet the urgent need for efficient financial management in today’s fast-paced business environment, where businesses need easy-to-use tools to help them navigate scaling and the increasingly complex finances of growing their business. We are excited to welcome Mercury to AFC and collaborate on shaping a more accessible and innovative financial services landscape."
Mercury aims to further integrate compliance with innovation. It is focused on advancing discussions about bank-fintech partnerships, advocating regulatory clarity, and fostering stronger collaborations between stakeholders, enhancing the role of fintech in economic growth.
“New and growing companies are a critical engine of employment, productivity, and innovation,” said Dan Swislow, Director of Policy and Government Affairs at Mercury. “Mercury plays a crucial role in breaking down barriers and giving founders the financial tools they need to compete, scale, and build the future. Joining AFC aligns with our goals to advocate for policies that foster responsible fintech innovation and ensure scaling businesses have the resources they need to thrive. We look forward to working with AFC to help shape a regulatory landscape that supports entrepreneurs and drives economic growth.”
AFC is noted for encouraging a transparent, inclusive financial system and supports responsible innovation. Its members promote consumer competition and develop products catering to underserved sectors.
Mercury is a fintech company providing financial tools through banking operations, with over 200,000 businesses using their services. While not an FDIC-insured bank, Mercury works with bank partners to offer financial accounts.