API-first bank Increase launches in the US

Projected Fintech Revenue

$650 billion

Expected revenue generated by the fintech industry by 2025.

Yearly Growth Rate

21%

The anticipated annual growth rate of the fintech sector.

§ 01 Executive Snapshot

What: Increase Bank launches in the US, providing modern banking infrastructure for fintech companies.
Who: Founded by Darragh Buckley, with clients including Gusto, Ramp, and Stripe.
Why it matters: This launch addresses the growing need for scalable and flexible banking services tailored to the fast-paced fintech sector.

Increase Bank is an FDIC-member institution, enabling fintech companies to access tailored banking services.
The fintech industry is projected to generate over $650 billion in revenue by 2025, growing at approximately 21% year over year.
Increase's technology allows for real-time reconciliation with the Federal Reserve, providing fintechs with full control over accounts.

The concept of Increase Bank stemmed from Darragh Buckley's experience at Stripe, highlighting the necessity for robust banking infrastructure in the fintech space.
The fintech sector has rapidly evolved into a major technology growth area, necessitating banking solutions that can keep pace with innovation.

Immediate implications include enhanced operational efficiency for fintech companies that rely on Increase's banking services.
Long-term, this could reshape the banking landscape by promoting more partnerships between banks and fintechs that prioritize speed and scalability.

Potential risks include regulatory challenges that could arise from navigating the complex financial landscape as an FDIC-member institution.
Competition from existing banks and new fintech entrants that may offer similar or improved banking solutions could impact Increase's market position.

Watch for the rollout of new features and banking products from Increase that could enhance its offerings to fintech partners.
Future developments in regulatory policies affecting fintech banking could signal operational shifts for Increase and its clients.

§ 07

What services does Increase Bank provide?

Increase Bank offers modern banking infrastructure tailored for fintech companies, including real-time reconciliation with the Federal Reserve.

Who founded Increase Bank?

Increase Bank was founded by Darragh Buckley.

Why is the launch of Increase Bank significant?

The launch addresses the growing need for scalable and flexible banking services in the rapidly evolving fintech sector.

What are the potential risks for Increase Bank?

Potential risks include regulatory challenges and competition from existing banks and new fintech entrants.