Provides enterprise-grade banking APIs that enable technology companies to programmatically store, move, and reconcile funds through direct connections to networks like the Federal Reserve and Visa. This eliminates the limitations of abstracted systems, offering unfiltered access to payment methods such as ACH, wires, real-time payments, and custom card programs, while ensuring stability, transparency, and scalability for high-volume transactions.
Funding
Funding not disclosed
Founders
Product
Problem
Many technology companies face limitations when trying to programmatically manage funds due to overly abstracted banking APIs. These abstractions restrict access to core payment networks like the Federal Reserve and Visa, hindering the ability to build flexible and scalable financial solutions. This can lead to inefficiencies, lack of transparency, and increased dependency on third-party systems.
Solution
Increase provides enterprise-grade banking APIs that enable technology companies to directly store, move, and reconcile funds. By offering unfiltered access to payment rails such as ACH, wires, real-time payments, and custom card programs, Increase eliminates the constraints of traditional banking interfaces. This direct integration ensures stability, transparency, and scalability, allowing businesses to build customized financial products and manage high-volume transactions with greater control. The platform provides a comprehensive suite of tools for managing bank accounts, issuing cards, and processing payments, all while maintaining compliance and security.
Target Audience
Increase targets technology companies, including those in bill pay, payroll, wallets, embedded lending, fund administration, and sponsor banking, that require robust and flexible banking infrastructure.
Features
- Direct connectivity to payment networks including the Federal Reserve, Visa, and FedACH
- Support for ACH, wires, real-time payments (RTP), FedNow, and physical checks
- Tools for creating and managing bank accounts with FDIC insurance and unlimited account numbers
- API for issuing custom physical and virtual cards with real-time authorization controls
- Transparent data and settlement tracking directly from the Federal Reserve
- Customizable compliance programs and transaction monitoring capabilities
- Webhooks for real-time updates on transfer lifecycles
- Immutable ledger for tracking all transactions