Stripe’s first employee, the founder of fintech Increase, sort of bought a bank

July 4, 2025

, By Techcrunch

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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.

A couple of weeks ago, he basically succeeded.

He bought a big enough stake in Twin City Bank to trigger a public disclosure of the transaction by the Federal Reserve Board. Such share purchases are then subject to FDIC approval. Twin City is a small community bank in Longview, Washington, about an hour north of Portland, Oregon….

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Stripe’s first employee, the founder of fintech Increase, sort of bought a bank

July 4, 2025

, Published By Techcrunch

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.

A couple of weeks ago, he basically succeeded.

He bought a big enough stake in Twin City Bank to trigger a public disclosure of the transaction by the Federal Reserve Board. Such share purchases are then subject to FDIC approval. Twin City is a small community bank in Longview, Washington, about an hour north of Portland, Oregon….

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Not everyone is thrilled with Threads’ DMs

Next News

India’s GoKwik raised a small $13M round for a hefty leap in valuation

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