According to a recent LinkedIn post from Pinwheel, the company’s deposit-switch technology, branded as PreMatch, is being used by digital bank Current and is also available on platforms from Jack Henry, Candescent, Alkami Technology, and Q2. The post highlights that Current, described as a long-time customer, piloted PreMatch and reportedly saw a 220% increase in direct deposit enrollments within the first 35 days of the customer lifecycle.
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The post further suggests that customers who set up direct deposit early showed higher adoption of additional features, which Pinwheel links to higher revenue per customer. For investors, these claims imply potential expansion of Pinwheel’s technology across established banking and fintech platforms and suggest a revenue-accretive impact for clients, which could strengthen Pinwheel’s positioning in payroll connectivity and deposit-switch infrastructure.