United States · Banking startup
United States · Grasshopper Bank
Grasshopper Bank is a digital bank based in New York City, founded in 2019 to support small businesses, startups, and the innovation economy.
Funding reportedLast round: Private Equity
About Grasshopper Bank
Grasshopper Bank is a digital bank based in New York City, founded in 2019 to support small businesses, startups, and the innovation economy.
As a fully chartered and FDIC-insured bank, it operates without physical branches, providing a modern banking experience with approximately $1.4 billion in total assets. The bank offers tailored solutions for various sectors, including business banking with Innovator Business Checking and high-yield savings accounts. It also provides dedicated banking services for startups and venture-backed companies, along with Banking-as-a-Service (BaaS) and commercial API platforms for fintech firms. Grasshopper Bank features no monthly or overdraft fees, allowing customers to open accounts quickly and securely. Its services are designed for US-based small businesses, freelancers, and investors in the innovation economy.
What company datasets say Grasshopper Bank raised
Funding, as reported
Founders and team
From Grasshopper Bank's own website: 10 on the team.
- Mike ButlerChief Executive Officer
- Chris MastrangeloChief Risk Officer
- Chris TremontChief Digital Officer
- Jai RajuChief Data Officer
- Mike LenahanChief Financial Officer
- Pete ChapmanChief Technology Officer
- Steve KerrChief Credit Officer
- Arthur BirenbaumHead of Commercial Real Estate
- Gabrielle PiasioHead of Fund & Sponsor Banking
- Lynn GibsonHead of Human Resources
On 3 portfolio pages
Investors who name them
Each firm lists Grasshopper Bank on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.
The company, in detail
What they build
Known for
private equity bankingdigital paymentssecurity measuresstartup financingstrategic partnershipsai-powered bankingach transfersventure capital financingpayment automationfounders24/7 online bankingvirtual debit carddigital compliance toolsmobile bankingtreasury managementinterest rate optimization
Built with from their website
Amazon SESDraftpress HFCMAtlassianMimecastWP EngineSWIFTApple Business ManagerAIMicrosoft ExcelMySQL
+8 more
SQLPOINTPortalDocuSignColorlib ShapelyDuo SecurityAmazon AWSnCino Cloud Banking Platform
- Sector
- Banking
- Industry code
- NAICS 522110, SIC 6021
- Region
- New York
- Part of
- Enova International
- Revenue
- $61M a year, as listed
Banking in United States
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