Increase vs Treasury Prime: Features, Coverage and Pricing Compared (2026)
Updated November 10, 2026 · Reviewed by Benjamin Margolis
Increase and Treasury Prime both serve fintechs that build on US banks. Increase focuses on money movement, with direct access to ACH, wires, FedNow, and RTP. Treasury Prime focuses on deposit accounts through a network of sponsor banks.
Our analysts compared the two on November 10, 2026, using each company's own product, pricing, and company pages and our full reviews of Increase and Treasury Prime.
Choose Increase if
- money movement is the core of your product
- you want cards and accounts in the same API
- you want a provider with its own bank
Choose Treasury Prime if
- deposit accounts are the core of your product
- you want a choice of several sponsor banks
- you want to be able to switch banks without rebuilding
Increase scores 77 and Treasury Prime scores 73 in our ratings. Increase is stronger on payments. Treasury Prime is built around deposits and bank choice.
Key Features Compared
Increase vs Treasury Prime at a Glance, November 2026
| Feature |  Increase |  Treasury Prime |
|---|---|---|
| Ratings | ||
| Fintech Index score | 77 / 100Higher score | 73 / 100 |
| Overview | ||
| What it is | Banking API company that lets fintechs and software platforms move money, hold deposits, and use US payment rails through one interface | San Francisco banking-as-a-service company that connects fintechs to community and regional banks for accounts and money movement |
| Who uses it | Fintechs and software platforms, with customers such as Ramp, Check, and Pipe | Fintechs and software platforms launching deposit products, such as Sydecar for venture deal accounts; 3,600+ fintechs in its bank marketplace |
| Main products | ACH, wires, FedNow, RTP, checks, card issuing, and accounts through one API | Deposit accounts, ACH, domestic and international wires, FedNow, checks, cards, and a ledger, through one API to 20+ partner banks |
| Where it operates | United States | United States |
| Products and features | ||
| Card issuing | Cards for product use cases | Through partner banks; Bangor Savings Bank launched 9 card programs in 10 weeks |
| Bank partner model | Direct rail access, now with its own bank | 20+ partner banks; a program can move banks without leaving the platform |
| Pricing | ||
| How pricing works | Sales-led, priced by volume and rails | Priced by account volume; no full price list |
| Published prices | Quote only | Quote only |
| Technology and compliance | ||
| Licenses and account protection | Partners with FDIC-insured banks; announced Increase Bank, Member FDIC, in July 2026 | Not a bank; programs run on 20+ partner banks with $1.1T+ in combined assets, which keep the customer relationship and risk decisions |
| Apps and API | API with direct access to US payment rails | Public REST docs, a free sandbox with ACH, wire, FedNow, and card simulations, webhooks, and a Postman workspace |
| Integrations and partners | Payroll, bill pay, wallets, and lending use cases | One integration reaches every partner bank; i3 Bank and Coastal joined in January 2026 |
| Onboarding and support | Sales-led technical onboarding with compliance review | One marketplace application matched to partner banks, then bank and compliance onboarding |
| Company | ||
| Founded | 2019 | 2017 |
| Headquarters | Bend, Oregon | San Francisco, California |
| Ownership | Private company | Private company |
| Funding | Self-funded after a Y Combinator convertible note; Forbes describes the company as self-funded and profitable in 2025 | $40M Series C in February 2023, after a $20M Series B; investors include QED and Slow Ventures |
| Key leader | Darragh Buckley | Chris Dean |
| Scale | Profitable in 2025; monthly payment volume tripled over the past year | 4M+ active accounts and $170B+ in annualized payments volume on its network |
Fintech Index Scores Compared
We rate every company on eight criteria from 0 to 100, four tied to what buyers in its sector need and four shared by every company, and the rating is their average. Increase scores 77 and Treasury Prime scores 73.
Criterion Scores Out of 100
Key Differences Between Increase and Treasury Prime
Focus
Increase sells ACH, wires, FedNow, RTP, checks, cards, and accounts in one API. Treasury Prime's core product is deposit accounts through its bank network.
Banks
Treasury Prime works with a network of sponsor banks. Increase partners with FDIC-insured banks and announced its own bank in July 2026.
Growth
Increase was profitable in 2025, with monthly payment volume up threefold. Treasury Prime grew revenue ~400% between its Series B and its $40M Series C in 2023.
Pros and Cons
Increase
Pros
- Direct access to ACH, wires, FedNow, and RTP
- Its own bank, announced in 2026
- Profitable and self-funded
- Cards and accounts in the same API
Cons
- No posted rate card
- Built for engineering teams, not small businesses
- Sales-led onboarding
Treasury Prime
Pros
- A network of 20+ banks rather than one sponsor
- Programs can switch banks within the network
- Public docs and free sandbox
- 4M+ active accounts on the network
Cons
- Cards are not its headline product
- No public price list
- Sponsor-bank setup takes time
Who Each Is Best For
Increase
A fintech or vertical software company that wants programmatic ACH, wires, FedNow, RTP, checks, cards, and accounts without building every bank connection itself.
Treasury Prime
A fintech that wants bank accounts and money movement through a network of community and regional sponsor banks.
Alternatives to Increase and Treasury Prime
These companies, all reviewed and rated on The Fintech Index, cover some of the same ground as Increase and Treasury Prime.
Other Card Issuing and Processing Companies
| Company | Score | Best for | Comparisons |
|---|---|---|---|
| Synctera | 76 | Fintechs that want a managed route to sponsor banks | Increase vs Synctera Synctera vs Treasury Prime |
| Moov | 77 | Platforms that want one stack for acceptance, wallets, and payouts | None yet |
Frequently Asked Questions
Does Treasury Prime issue cards?
Yes, through its partner banks, though its core product is deposit accounts.
Does either post prices?
No. Both price by volume through sales.
Who founded Increase?
Darragh Buckley, who was Stripe's first employee.
Sources
- The Fintech Index analysis of Increase and Treasury Prime, conducted November 2026 (As of November 10, 2026)
- Increase home page: https://increase.com/ (As of November 10, 2026)
- Increase updates: https://increase.com/updates (As of November 10, 2026)
- Forbes, Increase: https://www.forbes.com/companies/increase/ (As of November 10, 2026)
- TechCrunch, July 2025: https://techcrunch.com/2025/07/03/stripes-first-employee-the-founder-of-fintech-increase-sort-of-bought-a-bank/ (As of November 10, 2026)
- Treasury Prime home page: https://www.treasuryprime.com/ (As of November 10, 2026)
- Treasury Prime API reference: https://docs.treasuryprime.com/reference/introduction (As of November 10, 2026)
- Treasury Prime sandbox simulations: https://docs.treasuryprime.com/reference/simulation-endpoint (As of November 10, 2026)
- Treasury Prime, bank network additions (January 2026): https://www.treasuryprime.com/newsroom/accelerating-embedded-finance-growth (As of November 10, 2026)
- Treasury Prime, about: https://treasuryprime.com/about (As of November 10, 2026)
- TechCrunch, February 2023: https://techcrunch.com/2023/02/01/proving-that-banking-as-a-service-is-hotter-than-ever-treasury-prime-raises-40m-series-c/ (As of November 10, 2026)