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Grasshopper Bank
Digital bank serving small businesses, startups, and investors supporting them across the innovation economy
About Grasshopper Bank
Grasshopper Bank is a digital-first financial institution designed to meet the unique needs of businesses, particularly startups and fintech companies. Operating in the digital banking sector, Grasshopper Bank offers a comprehensive suite of financial services that include seamless payment solutions, flexible financing options, and modern APIs to power fintech innovations. The bank serves a diverse range of clients, from early-stage startups to established firms, providing them with tools to manage their finances efficiently and drive growth.
Grasshopper Bank's business model revolves around offering digital banking services that are accessible anytime, anywhere. Clients can make and schedule payments via check or ACH, send digital invoices, and deposit checks using their mobile devices. The bank also provides various financing solutions, including commercial real estate financing and growth financing for SaaS companies through partnerships with firms like Capchase. By leveraging its innovative platform and experienced team, Grasshopper Bank aims to propel businesses forward, ensuring they have the financial support needed at every stage of their lifecycle.
The bank generates revenue through a combination of service fees, interest on loans, and partnerships with fintech companies. Its digital-first approach not only reduces operational costs but also enhances customer experience by offering hassle-free, efficient banking solutions.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2016
- Headquarters
- New York City, United States
- Employees
- 178
- Open positions
- 11
- Dealroom signal
- 85.0/100
- Industry
- Fintech
- Sub-industry
- Mortgages & Lending, Banking
- Sector
- Fintech, SME, Challenger Bank, deal execution
- Client focus
- b2b
- Investment activity
- 4 companies, latest Jun 2025
- Capital deployed
- $11M
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Dec 2025 | $0 | — | Enova International | ↗ |
| GROWTH EQUITY VCOther financing | Aug 2025 | $47M | — | Patriot Financial Partners · Glendon Capital Management | ↗ |
Growth signals
Latest recorded traffic for Grasshopper Bank is 110K monthly website visits, up 0% over the last three months. Grasshopper Bank's team grew 5.3% over the past year.
Open positions
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
TACK Ventures
Series B and later6 investors entered at this stage
Patriot Financial Partners
FJ Capital Management
GCP Capital Partners- EAEndeavour Capital Advisors
Carpenter & Company
Glendon Capital Management
Other known investors1 additional known investor
Enova International
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Grasshopper Bank on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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