In a groundbreaking development for the fintech industry, Darragh Buckley, the founder of Increase and notably Stripe’s first employee, has taken a significant step by sort of acquiring a bank. This move, reported by TechCrunch on July 3, 2025, signals a new era for fintech companies looking to integrate traditional banking services into their innovative platforms.
Buckley’s ambitions with Increase have stirred the financial sector, with competitors reportedly uneasy about his plans to 'own' a bank. According to sources, opposition has emerged as some industry players attempt to hinder this bold acquisition, highlighting the high stakes in the rapidly evolving fintech landscape.
The specifics of the deal remain under wraps, but the implications are vast. By aligning with or acquiring a banking entity, Increase could potentially offer a wider range of services, from traditional loans to deposit accounts, directly challenging established financial institutions while enhancing its offerings to businesses.
This strategic maneuver is seen as a natural progression for Buckley, whose early work at Stripe helped shape the payment processing giant. His experience and vision at Increase are now pushing boundaries, aiming to blur the lines between fintech startups and conventional banks.
Industry experts suggest that this acquisition could set a precedent, encouraging other fintech firms to pursue similar integrations. The move underscores a growing trend where technology-driven companies seek greater control over financial infrastructure to provide seamless user experiences.
As the situation unfolds, the fintech community watches closely. Will Buckley’s gamble pay off, or will the resistance from competitors derail his plans? Only time will tell, but one thing is clear: the race to redefine banking is heating up.
Alfred Lee
