‍

Private credit investment manager finances responsible and innovative fintech companies to increase access to capital for small businesses and underserved communities

San Francisco, CA (December 10, 2024) – The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announced the addition of Community Investment Management (CIM) as its newest member. CIM works with innovative credit providers who offer responsible and transparent financial solutions to scale their lending services to historically underserved communities. With assets under management in excess of $1 billion, CIM brings a decade of experience as a leading voice in responsible lending practices to its partnership with AFC.

“CIM is a leading innovator in expanding access to responsible lending within underserved communities,” said Phil Goldfeder, Chief Executive Officer of AFC. “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’s work builds on experience in both small business and consumer lending to cultivate an inclusive ecosystem for lending products. Through its partnerships, CIM expands access to financial services by identifying and investing in responsible solutions for market segments underserved by traditional lenders. CIM is grounded in its mission of improving the financial health of the communities it serves, and many of the businesses funded by CIM are owned by women, people of color, or military veterans.

“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,” said Jacob Haar, Co-Founder & Managing Partner of CIM. “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.”

A standards-based organization, AFC is the premier trade association representing the largest financial technology (Fintech) companies and innovative banks offering embedded finance solutions. AFC’s mission is to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy. AFC members foster competition in consumer finance and pioneer products to better serve underserved consumer segments and geographies.

About Community Investment Management:

Community Investment Management (CIM) is an institutional impact investment manager that provides strategic debt capital to demonstrate and scale responsible innovation in lending by providing capital to fintechs globally that address the needs of underserved communities in the United States and Emerging Markets. CIM is one of the most active private credit investors dedicated to supporting organizations that drive positive change and foster financial inclusion, economic growth, and social impact. For more information, visit https://cim-llc.com/.

###

‍