Current is a leading U.S. challenger bank serving the needs of Americans who have been overlooked by traditional banks. Their mission is to improve financial outcomes with a commitment to providing Current members faster and better access to their money with early direct deposits, free overdraft, points for cash back and access to free ATMs nationwide.
Identifying and targeting their ideal users
Adjust has become a mission-critical tool for Current’s marketing team. Much like many of our other clients, Current relies on Adjust as a source of truth. That in itself is valuable in order to provide reliable performance measurement, which drives decision making and optimization. Without these insights, it would be very difficult for Current to figure out how to improve their user acquisition and grow their app.
Current’s acquisition strategy revolves around social advertising and influencers, with over 10 advertising channels and hundreds of influencer partners to drive growth. Their ideal user is one that enables direct deposits within the Current app. These are users that are the most valuable to Current - as they’re users that have likely committed to using Current as their main bank.
By using Adjust cohorts and in-app event tracking, Current’s marketing team is able to track performance and spot check campaigns to ensure everything is running smoothly.
Current uses Adjust’s KPI Service and raw data to plug into their business intelligence stack. From there, the attribution and in-app event data they receive build the foundation of Current’s analysis and optimization. With Adjust insights, they’ve created in-app events that help predict when a user will enable direct deposit, so they can project which sources are most likely to bring in the most valuable users.