Current is a modern fintech company providing flexible financial solutions that aren’t always available at traditional banks. It offers such benefits as faster direct deposit, fee-free overdraft, and teen banking. The company targets the younger generations, such as Millennials, Gen Z, and even teens, and tailors its marketing strategy to reach them via appropriate channels.
Current is a modern fintech company that claims to be better than banks. The company’s mission statement says that it’s “focused on creating better financial outcomes for people and their unique lives.” Current provides a range of flexible financial solutions, such as early payroll, teen banking, and a fee-free overdraft. The company experienced rapid growth in the last two years when web traffic reached 1M monthly users (+94% YoY).
Current built a 1.3M audience on social media with the largest following on TikTok (609K), followed by Twitter (554K).
In March 2021, Current launched a community program aimed to build a strong network of influencers that would promote the brand across their own social media channels. Current invites content creators to become brand ambassadors and promote the brand on TikTok, Twitter, Instagram, or YouTube.
The content creator application page has been getting 2.5K avg. monthly visits since March 2021.
Creators are encouraged to use branded hashtags. Videos with #currentcreator generated 70.3M views on TikTok, and videos tagged #currentcommunity were watched 35.2M times.
The launch of the Creator Community program enabled Current to fuel its TikTok solely with creator-generated content. The only two videos created by the brand were a high-quality production ad and a reel from an influencer event.
Since the brand switched to the creator-first TikTok content strategy, it saw a dramatic increase across all performance indicators.
Current collaborates with influencers who have millions of TikTok followers. The brand frequently works with Mr. Beast, an American blogger with 31M followers on TikTok and 88M on YouTube.
The brand has a variety of interests represented through its influencer roaster — from comedians to baristas and from prankers to foodies.
Current partners with Mr. Beast and Logan Paul to host big money giveaways. An influencer would announce the condition required to enter the draw, like opening a Current account or transferring payroll, and then randomly draw winners who successfully met the criteria. In one of the videos, Mr. Beast and Current deposited $10K to ten randomly selected participants.
Several videos on the brand’s TikTok show how a Current cardholder pays for their partner or sibling as they go to movies, beauty salons, and shopping sprees.
Heartfelt videos telling a story or showing preparation for a surprise with emotional endings. Influencers use the Current card to pay for secret gifts.
Content creators showcase what they bought or wish to buy with the Current card.
Many influencers show how they unpack their Current card envelope and narrate all the card features as they do so. Often they would introduce Current as the “future of banking.”
Content creators come up with many fun ways to highlight the Faster Direct Deposit feature of Current.