Increase
Increase is a private Banking-as-a-Service platform providing direct-to-network banking APIs — FedACH, Fedwire, FedNow, RTP, Visa, and Mastercard Send — that let technology companies programmatically store, move, and reconcile money. It serves fintechs, vertical SaaS, payroll providers, and sponsor banks via usage-based pricing.
- Company typePrivate
- Founded2020
- HeadquartersBend, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Increase does
Increase (Increase Technologies, Inc.) is a private banking technology company founded in 2020 and headquartered in Bend, USA, that operates an enterprise-grade Banking-as-a-Service (BaaS) platform. The platform connects directly to Federal Reserve networks — FedACH, Fedwire, and FedNow — as well as The Clearing House Real-Time Payments network, Visa (as a direct issuer processor), Mastercard Send, and Check 21, exposing these as "bare-metal" REST APIs rather than abstracted banking layers. The company offers eight core payment products (ACH, Bank Accounts, Cards, Checks, FedNow, Real-Time Payments, Push-to-Card, and Wires) and seven solution modules targeting bill pay, payroll, wallets, embedded lending, fund administration, vertical SaaS, and sponsor banking use cases. FDIC-insured deposits and card issuance are delivered through partnerships with Grasshopper Bank, First Internet Bank of Indiana, Twin City Bank, and Core Bank, with the company maintaining PCI DSS Level I Service Provider and SOC 2 Type 2 audit status.
Under the hood, Increase positions itself as a parallel banking core rather than a wrapper on legacy bank cores, providing an immutable ledger, settlement tracking directly from the Federal Reserve, automatic correlation of ACH and check returns via unique trace identifiers, real-time card authorization control, and flexible FBO/customer-titled account structures with unlimited account numbers for reconciliation. Same-day ACH is the default, with submissions hitting every Fed window. The platform is built around a developer-first delivery model: a self-serve signup, sandbox environment, SDKs in multiple languages (including TypeScript), OAuth authentication, webhooks, and idempotency keys.
Increase serves a horizontal mix of technology customers — fintech platforms, payroll providers, embedded lending platforms, vertical SaaS companies, and now traditional banks via sponsor banking — and discloses logos including Ramp, Gusto, Stripe, Coast, AtoB, Vantaca, Check, Digits, and CapitalOS. Revenue is generated through usage-based transaction fees on API-driven payment processing, with pricing handled via custom quotes rather than published tiers. Customers collectively move "billions of dollars per month" through the platform. GTM combines self-serve PLG with an enterprise field-sales motion for banks and large fintech deals.
Increase firmographics
Firmographics- Name
- Increase
- Legal name
- Increase Technologies, Inc.
- Website
- https://increase.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Increase is a private Banking-as-a-Service platform providing direct-to-network banking APIs — FedACH, Fedwire, FedNow, RTP, Visa, and Mastercard Send — that let technology companies programmatically store, move, and reconcile money. It serves fintechs, vertical SaaS, payroll providers, and sponsor banks via usage-based pricing.
- Ownership category
- akta.pro rank
Increase industry classification
Industry- Product category
- Banking-as-a-Service / Payment Infrastructure
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371), Finance Services (6199)
- akta.pro primary industry
- Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)
- akta.pro secondary industries
- Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments) (FSAMAHAD), Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD), Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ)
Keywords
Where Increase is headquartered
LocationHeadquarters
- HQ city
- Bend
- HQ country
- United States
- HQ region
- North America
Markets served
Increase business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- API Transaction Fees: Increase charges technology companies for programmatic access to banking APIs, processing payments across ACH, wires, real-time payments, FedNow, and card issuance. The revenue is likely usage-based, driven by the volume of payments processed through the platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | API access with quote-based pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Increase product offering
Product offeringCore offering
Increase operates an enterprise-grade, API-first banking platform that gives technology companies direct programmatic access to U.S. payment and banking rails (FedACH, Fedwire, FedNow, Visa, Mastercard, and The Clearing House RTP). The platform exposes bare-metal primitives for storing, moving, and reconciling money, plus a unified API and dashboard to monitor balances and transactions in real time. Increase partners with Federal Reserve member banks to sponsor the programs it powers.
Product overview
Increase is an enterprise-grade banking API platform providing a unified suite of payment and banking primitives for technology companies. The core platform consists of 8 payment products: ACH (FedACH), Bank Accounts, Cards (Visa), Checks (Check 21), FedNow, Real-Time Payments (RTP), Push-to-Card (Visa Direct/Mastercard Send), and Wires (Fedwire). These are complemented by 7 solution modules—Bill Pay, Payroll, Wallets, Embedded Lending, Fund Administration, Vertical SaaS, and Sponsor Banking—that address specific use cases built on top of the core APIs. The platform connects directly to Federal Reserve networks and major financial networks (Visa, The Clearing House), offering bare-metal API access rather than abstracted complexity, with a focus on transparent data, stability, and faster build times.
Differentiator
Problem solved
Functional benefit
Products and services
- ACH API primitive that gives software platforms direct access to the FedACH network for sending and receiving ACH payments with programmable instructions and instant confirmation.
- Bank Accounts Programmable FDIC-insured deposit accounts issued through partner banks, available via API and integrated with a real-time ledger and dashboard.
- Cards API-based issuing of Visa cards (physical and virtual) with merchant category controls, card artwork, and shipping address handling through a single endpoint.
- Checks Programmable Check 21 image processing for depositing and receiving checks via API, including image and ACH acceptance workflows.
- FedNow API for sending and receiving FedNow Service instant payments 24/7/365 directly over the Federal Reserve's instant payment rail.
- Real-Time Payments API for sending and receiving RTP network payments from The Clearing House for instant bank-to-bank transfers with immediate settlement.
- Push-to-Card API for pushing funds directly to a recipient's debit card via Visa Direct or Mastercard Send networks for near-real-time disbursements.
- Wires API for sending and receiving Fedwire Funds transfers via a direct connection to the Federal Reserve's Fedwire Funds Service for high-value, time-critical payments.
Quantifiable outcome
- Increase customers store and send billions of dollars per month through the platform.
Companies that use Increase
Customer profileNamed customers9 records
Segments6 records
Ideal customer profiles7 records
Increase technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature9 records
Increase partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core.
- Grasshopper Bank, N.A.coreGrasshopper Bank, N.A. (Member FDIC) is a bank partner providing depository services for Increase customers. Banking products and services are offered through this partner, with deposits insured by the FDIC up to the maximum allowed by law.
- First Internet Bank of IndianacoreFirst Internet Bank of Indiana (Member FDIC) is a bank partner that issues cards pursuant to a Visa license and provides depository services. It serves as the primary card issuer for the Increase platform.
- Twin City BankcoreTwin City Bank (Member FDIC) is a bank partner providing depository and payment services for Increase customers, particularly serving business banking account services.
- Core BankcoreCore Bank (Member FDIC) is a bank partner providing additional depository services, expanding FDIC insurance coverage options for Increase customers.
- VisacoreIncrease integrates directly with Visa as an issuer processor, offering direct access to underlying network data. Visa Direct enables push-to-card transfers to eligible Visa cards. Cards on the platform are issued pursuant to a Visa license.
- MastercardcoreMastercard Send enables push-to-card transfers to eligible Mastercard cards, expanding the reach of instant card payments internationally through the Increase platform.
- Federal Reserve (FedACH and Fedwire)coreIncrease connects directly to Federal Reserve networks including FedACH for ACH payments and Fedwire for wire transfers, enabling same-day ACH, settlement tracking, and direct network access without abstraction layers.
- The Clearing House (RTP)coreIncrease connects to The Clearing House's Real-Time Payments (RTP) network, enabling real-time money transmission to accounts at most major US banks in seconds rather than days.
- FedNow (Federal Reserve)coreIncrease provides access to the Federal Reserve's FedNow instant payment service, enabling 24/7/365 money movement with any participating bank.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
Increase competitors and assessment
Company assessmentMarket position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Increase social profiles
Digital presenceIncrease compliance and trust
Trust signalCompliance2 records
Increase financial estimates
Financial estimateRevenue estimate
Valuation estimate
Increase leadership team
Management profileNumber of profiles
Profiles2 records
Increase funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Increase M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Increase
What does Increase do?
Increase operates an enterprise-grade, API-first banking platform that gives technology companies direct programmatic access to U.S. payment and banking rails (FedACH, Fedwire, FedNow, Visa, Mastercard, and The Clearing House RTP). The platform exposes bare-metal primitives for storing, moving, and reconciling money, plus a unified API and dashboard to monitor balances and transactions in real time. Increase partners with Federal Reserve member banks to sponsor the programs it powers.
Is Increase a public or private company?
Increase is a private company. It is classified as venture growth investor backed and is currently operating.
When was Increase founded?
Increase was founded in 2020. It employs 11 to 50 people.
Where is Increase based?
Increase is headquartered in Bend, United States, in the North America region.
How does Increase make money?
One revenue line is on record: API Transaction Fees.
Does Increase have an API?
Yes. Increase provides a public REST API enabling developers to programmatically store, move, and reconcile money. The API offers direct connections to Federal Reserve networks (FedACH, Fedwire), Visa, and other financial networks. Supports OAuth authentication, webhooks for real-time event notifications, sandbox simulations for testing, and idempotency keys for safe retries. Covers all payment primitives: ACH transfers, bank accounts, card issuance and management, wire transfers, real-time payments, FedNow, checks, and card push transfers. Developer documentation is at increase.com/documentation/api/overview.
What industry is Increase in?
Increase's product category is Banking-as-a-Service / Payment Infrastructure. Its primary akta.pro industry code is FSAGALAE, Embedded Deposit Accounts & Digital Wallet Infrastructure, with a secondary code of FSAMAHAD, Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments). Its NAICS code is 51821 and its SIC code is 7370.