We're honored that Forbes named Increase to its annual Fintech 50 list for the second year in a row. And we're in great company, alongside customers like Stripe and Ramp.
Some reflections on recent milestones that got us here:
- Increase now processes hundreds of billions in payments volume per year. We handle a growing number of API calls while maintaining latency of under 100 milliseconds.
- We added powerful new rails for instant money movement: FedNow and Push-to-card transfers. Alongside Real-Time Payments, Increase now supports every US instant payment network.
- We shipped improvements to our existing rails: Check Transfers now offer attachments, overnight shipping, delivery notifications, design customization, and fraud controls. Our Lockbox offering enables users to spin up unique locations to minimize latency. And we saw growing adoption of Wire Drawdowns for use cases like payroll and bill payment.
We're most grateful for the ambitious companies building the next generation of banking, payments and card products on Increase. In their own words:
With Increase, we have high confidence that systems run smoothly. And if something goes wrong, we can quickly drill down and act before it affects payroll. This level of control has been critical for us.
Increase has been a critical partner in helping us launch products that feel as modern and intuitive as the rest of Ramp's offerings. The flexibility and transparency is unmatched.
Thank you, Forbes, for the recognition. And now, back to work!
— The Increase team