Increase

About

Increase provides API-first banking and payments infrastructure for technology companies and has launched its own bank, Increase Bank, Member FDIC. It offers programmatic access to ACH, wires, checks, FedNow, Real-Time Payments and push-to-card, along with bank accounts and card issuing, running on a banking core it built from scratch that connects directly to the payment networks. Its solutions cover bill pay, payroll, wallets, embedded lending, fund administration, vertical SaaS and sponsor banking, and customers named on its site include Ramp, Gusto, Check, Tekion and Vantaca. Increase has operated since 2020 and was started by Darragh Buckley, previously the first employee at Stripe. Banking products are offered by Increase Bank and partner banks Grasshopper Bank, First Internet Bank of Indiana and Core Bank.