“Can an AI-native AP automation vendor become the end-to-end financial operations platform (invoice → approval → payment → card) for mid-market and enterprise finance?”
Founded 2017 as an AI-first invoice processing tool for accounting firms and enterprise finance, Vic.ai has steadily expanded from pure AP automation into an end-to-end autonomous finance platform. The 2023 launch of Vic.ai Payments moved the company from workflow software into money movement, and the 2026 partnership with Increase and Core Bank plus the launch of VicCard positions Vic.ai as an embedded finance company competing with Bill.com, Ramp, and Airbase — not just an AP OCR vendor.
Vic.ai discloses Increase as its banking provider, with Core Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Vic.ai does not disclose a bank charter of its own; its banking services are provided through Core Bank.
Vic.ai processes payments through Increase. Disclosed money-movement rails: ACH.
Vic.ai's cards are issued through Increase.
Vic.ai connects to bank accounts through Plaid.
Vic.ai integrates with QuickBooks Online, Sage Intacct, Bill.com, Oracle NetSuite and Microsoft Dynamics.
The Embedded Finance Index 2026 maps 8 layers in Vic.ai's stack: Payments / PSP (Increase); Money movement (ACH); Banking / BaaS (Increase); Card issuing (Increase); Open banking (Plaid); Sponsor bank (Core Bank); Accounting (QuickBooks Online, Sage Intacct, Bill.com, Oracle NetSuite and 1 other); Spend / AP (VicCard (self-operated) and VicPay (self-operated)).
Vic.ai was founded by Alexander Hagerup and Kristoffer Roil and is founded in 2017, headquartered in New York, NY, United States.
Vic.ai has raised $114.7M in total (latest round: Series C, 2022).
Get a read on where your own stack stands against Vic.ai and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.