Increase Bank launches after Darragh Buckley buys small bank

Fintech founder Darragh Buckley has officially taken over a bank.

Buckley, who created Increase, a customer-facing API company, announced the creation of Increase Bank after buying Twin City Bancorp in Longview, Wash.

“This is the bank for ambitious technology companies,” Buckley said in a LinkedIn post. “You’re obsessed with building the best possible product for your customers; we’re just as obsessed with building for you.”

Increase built its own API-first core technology. Now, companies like Gusto, Ramp, and Stripe use the fintech’s core technology to process more than $500 billion annualized.