Increase
Direct rails for moving money — bypass payment processors entirely. Used by fintechs needing primary banking infrastructure.
- Location
- San Francisco, United States
- Raised
- $50M+
- Stage
- Series B
- Founded
- 2020
- Category
- Fintech
- Funding
- VC-backed
- Team
- 11-50
Funding figures as of Jul 2025 · not independently verified
Founders of Increase
- Garrett Koller
- Drew Spitler
Investors backing Increase
- Coatue
- Sequoia
- YC
Frequently asked questions
What does Increase do?
Direct rails for moving money — bypass payment processors entirely. Used by fintechs needing primary banking infrastructure.
Where is Increase based?
Increase is based in San Francisco, United States.
When was Increase founded?
Increase was founded in 2020.
How much has Increase raised?
Increase has raised $50M+ in their Series B round as of Jul 2025.
Who founded Increase?
Increase was founded by Garrett Koller, Drew Spitler.
Who has invested in Increase?
Increase is backed by Coatue, Sequoia, YC.
How Increase would pitch themselves
○ Auto-generated01Target customer
Consumers + businesses needing modern financial services + infrastructure — typically under-served by legacy banks + processors.
02Problem they solve
Direct rails for moving money — bypass payment processors entirely. Used by fintechs needing primary banking infrastructure. The category has historically been served by tools that miss the modern workflow this product is built around.
03Key differentiator
Increase differentiates on ach, wires, real-time payments, and checks via one api. Backed by Coatue + Sequoia, $50M+ raised — the company has resources + validation to compound this thesis. Founded by Garrett Koller + team.
04Go-to-market strategy
Growth-stage GTM — multi-channel revenue motion (direct enterprise sales, channel partnerships, marketplace listings). Vertical specialisation + verticalised AE teams targeting enterprise + mid-market.