# Increase

> Increase is a banking infrastructure company that gives technology companies a programmatic way to store, move, and reconcile money. Through a single set of APIs it exposes the core U.S. payment rails - ACH, wires, real-time payments, FedNow, checks, and cards - with direct network connections and transparent access to the underlying data. Founded in 2020 by Stripe's first employee Darragh Buckley and based in Bend, Oregon, Increase is self-funded, became profitable in 2025, and processes hundreds of billions of dollars in payments each year for fintechs like Ramp, Check, and Pipe.

- **Founded:** 2020
- **Headquarters:** Bend, Oregon, United States
- **Founders:** Darragh Buckley (Founder & CEO)
- **Team size:** ~15-27 employees
- **Products:** ACH, Wires (Fedwire), Real-Time Payments, FedNow, Checks
- **Notable:** Reached profitability in 2025 while remaining self-funded., Processes hundreds of billions of dollars in payments per year., Tripled monthly payment volume and grew deposits fourfold over a single year.

## Products & services

- **ACH** — Programmatic ACH origination and receipt with direct network access and unique trace identifiers.
- **Wires (Fedwire)** — Send and receive domestic wire transfers via API.
- **Real-Time Payments** — Instant, always-on payments over the RTP network.
- **FedNow** — API access to the Federal Reserve's FedNow instant payment service.
- **Checks** — Physical check issuance and check deposit handled through the API.
- **Cards** — Virtual and physical card issuance, plus push-to-card payouts.
- **Bank Accounts** — Programmatically created accounts with custom account numbers for reconciliation and fund management.
- **Reconciliation & Ledgering** — Transaction tracking, fund reconciliation, and transparent pass-through of underlying network data.

## Achievements

- Reached profitability in 2025 while remaining self-funded.
- Processes hundreds of billions of dollars in payments per year.
- Tripled monthly payment volume and grew deposits fourfold over a single year.
- Built its own bank core to control reliability and data pass-through.
- Backed by Y Combinator (Summer 2020).

## Latest updates

- **2025-07** — TechCrunch reports founder Darragh Buckley acquired a >10% stake in Twin City Bank (Longview, WA), his third investment in a Washington community bank, receiving FDIC non-objection for control.
- **2025-04** — Buckley discusses Increase's reliability-first philosophy and building its own bank core in a Soar Payments interview.
- **2025-01** — Increase reports reaching profitability, with monthly payment volume tripling and deposits growing fourfold over the prior year.

## Links

- Website: https://increase.com
- LinkedIn: http://www.linkedin.com/company/increasetech
- Twitter/X: https://twitter.com/increase
- GitHub: https://github.com/Increase
- Facebook: https://facebook.com/pages/Increase/461398233930097

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Profile page: https://yespress.io/increase
Published by YesPress — https://yespress.io
Last updated: 2026-08-04