Increase Debuts Bank to Help FinTechs Build Financial Products

July 30, 2026 - 02:19

Six years after first launching as a banking infrastructure company, Increase has officially become a bank. The company announced the launch of Increase Bank on Wednesday, July 29, marking a major shift in its business model. Instead of just providing technology for other firms to build on, Increase will now operate as a full-fledged bank itself.

The move is designed to help financial technology companies build and launch their own financial products more quickly. By becoming a bank, Increase can offer direct access to core banking services like deposit accounts, payment processing, and lending capabilities without relying on third-party partners. This cuts down on the complexity and cost that many FinTechs face when trying to bring new products to market.

Increase says its new structure will allow startups and established companies alike to focus on user experience and product innovation rather than navigating the regulatory and operational hurdles of traditional banking. The company aims to serve as a one-stop shop for businesses that want to offer banking features but do not want to build the underlying infrastructure themselves.

The announcement comes at a time when the line between technology companies and financial institutions continues to blur. More firms are seeking ways to embed financial services into their platforms, and Increase's new bank charter positions it to capture a larger share of that growing market.