Get the latest tech news
Stripe’s first employee, the founder of fintech Increase, sort of bought a bank
Competitors to Darragh Buckley's Increase are so nervous about his ambitions to "own" a bank, someone has been trying to stop him.
It’s an open secret in the fintech world that the founder and CEO of startup Increase, Darragh Buckley, has been trying for years to “buy a bank,” as one person familiar with the landscape told TechCrunch. The assumption in the industry was that Buckley wanted a bank to further the ambitions of Increase, his banking-as-a-service (BaaS) startup, multiple sources told TechCrunch. What’s particularly wild is that a mysterious entity — most likely one of Buckley’s competitors — was so opposed to this deal that it hired an agency to pitch the press on writing negative stories about it and him.
Or read this on TechCrunch
