Fintech underscores commitment to compliance, collaboration with regulators, and support for founders

Washington, D.C. (April 1, 2025) – The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announced the addition of Mercury as its newest member. Mercury is the fintech over 200,000 ambitious companies use for banking*, credit cards, and all their financial workflows. With a focus on helping businesses operate at their best, Mercury offers a range of tools that simplify business banking, accounting, and financial operations. As an AFC member, Mercury is committed to providing access to financial products that support the growth of startups and small businesses.

“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.”

Since its founding, Mercury has remained committed to integrating compliance with innovation to deliver powerful, simplified banking* for businesses and founders. By joining AFC, Mercury will help advance industry-wide discussions on high standards for bank-fintech partnerships, advocate for increased regulatory clarity for fintechs, strengthen collaboration between regulators, banks and fintechs, and ensure fintech continues to drive economic opportunity for emerging businesses.

“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.”

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 Mercury
Mercury is the fintech ambitious companies use for banking* and all their financial workflows. With a powerful bank account at the center of their operations, companies can make better financial decisions and ensure that every dollar spent aligns with company priorities. That's why over 200K startups choose Mercury to confidently run all their financial operations with the precision, control, and focus they need to operate at their best. To learn more, visit Mercury.com.

* Mercury is a fintech company, not an FDIC-insured bank. Checking and savings accounts are offered by our bank partners Choice Financial Group, Column N.A., and Evolve Bank & Trust; Members FDIC. Deposit insurance covers the failure of an insured bank. Checking and savings account deposits may be held by sweep network banks. Certain conditions must be satisfied for pass-through insurance to apply.

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