Leading consumer fintech banking platform aims to create a safer and more inclusive financial system

New York, N.Y. (January 23, 2025) – The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announced the addition of Current as its newest member. With over 5 million members, Current is a leading consumer fintech banking platform transforming financial access for everyday Americans. In becoming a member of AFC, Current joins a diverse and fast-growing community dedicated to fostering responsible innovation and increasing inclusion in the financial system for individuals and communities nationwide.

“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,” said Phil Goldfeder, Chief Executive Officer of AFC. “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. We are excited to welcome Current and look forward to working together to make financial services more accessible for hard working, everyday Americans.”

Current provides access to financial solutions that seamlessly work together to solve the needs of its members and enable all Americans to build better financial futures. Current spending accounts are available to everyone without any mandatory monthly fees and provide faster paycheck access, savings pods, a dynamic secured charge card connected to members’ spending balances, and earned wage access.

“At Current, we have always been focused on providing financial solutions that give our members access to their money when they need it,” said Stuart Sopp, CEO and Co-Founder, Current. “Joining the American Fintech Council strengthens our commitment to responsible innovation and ensuring financial solutions are designed with people’s needs at the forefront. We’re eager to collaborate with other AFC members to push our financial system forward.”

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 Current

Current is a leading consumer fintech banking platform transforming financial access for everyday Americans. We're focused on building integrated solutions to solve needs that stand between Americans and their financial goals, making it easier for everyone to build the future they deserve. To learn more about us, visit http://www.current.com or download our app on the App Store or Google Play.

Current is backed by investments from Andreessen Horowitz, Tiger Global Management, Avenir, Wellington Management, General Catalyst, Cross River, Foundation Capital and QED Investors.