Today, we’re pleased to announce that we closed 2024 with strong results, with 23% growth in revenue and 13% growth in total deposits, doubling down on our commitment to startups, financial technology (fintech) companies, and small businesses. “Our milestones this year were nothing short of extraordinary, from a strategic acquisition and the addition of talented leaders to forging valuable partnerships and strengthening our award-winning services for the business and innovation economy. Every step we take is driven by our commitment to delivering dynamic, secure and transparent digital banking solutions that empower our clients. I couldn’t be prouder of our team’s dedication and collaboration, which have positioned us for even greater success in 2025,” said Mike Butler, CEO and Chairman of Grasshopper Bank. https://ow.ly/rl1h50V3vI3 #DigitalBank #BusinessBanking #OnlyForward
About us
Grasshopper is a client-first digital bank serving small businesses, startups, and investors supporting them across the innovation economy. Our digital solutions cover small business, venture-backed companies, fintech-focused Banking-as-a-Service (BaaS) and commercial API banking platforms, SBA lending, and commercial real estate lending. Privately owned and headquartered in New York City, the bank is a Federal Deposit Insurance Corporation member and is an Equal Housing/Equal Opportunity Lender. We're always looking for talented, driven, visionary people to join our team. If you don't see the job that fits your skillset, please send your resume to recruiting@grasshopper.bank.
- Website
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https://www.grasshopper.bank
External link for Grasshopper Bank
- Industry
- Banking
- Company size
- 51-200 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2019
- Specialties
- fintech, startups, VC, venturecapital, privateequity, PE, startupfinancing, founders, commercial banking, banking as a service, smb banking, sba lending, cre lending, and yacht financing
Locations
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Primary
Get directions
261 5th Ave
Suite 610
New York, NY 10016, US
Employees at Grasshopper Bank
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Mike Lenahan
Chief Financial Officer at Grasshopper Bank
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Lauren Savage
Director of Internal Audit at Grasshopper Bank, Community Reinvestment Act (CRA) Officer
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Henry Eagar
Building the future of banking at Grasshopper digital bank: as BaaS Solutions Architect
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Lucy Dixon
Director Of Operations at Grasshopper Bank
Updates
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#AI is transforming the way banks operate—but how do we implement it securely and effectively? Our Chief Information Security Officer, Vincent Maglione, recently joined FinXTech for a live webinar to discuss how we built our AI framework—from governance and oversight to acceptable use policies, training strategies, and real-world use cases. #DigitalBank #BusinessBanking #Innovation #OnlyForward ⬇ ⬇ ⬇
Why is having an #AI policy important? Watch our full webinar with Chris Nichols at SouthState Bank & Vincent Maglione at Grasshopper Bank to learn more: https://lnkd.in/gWmakQRn
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How is AI shaping the future of business and banking? Today, our BSA Manager, Alena Robertson, is taking the stage at Northeastern University’s Master’s and Professional Doctorate Impact Symposium in Boston! She’ll join Allen Arseneau, Founder & Head of AI at Transformly AI, in a breakout session on AI in Consulting, Business, and Banking, exploring its impact on risk, compliance, and innovation. We’re proud to see Alena sharing her expertise on such an important topic. If you're attending, don’t miss this insightful conversation! https://ow.ly/kX0150V6Y2t #DigitalBank #BusinessBanking #RiskManagement #Compliance #AI #Innovation #OnlyForward
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“I really see the primary player in this space being Google.” In this article, Luther L., Director of Product, evaluates a migration to Google Cloud to enhance AI capabilities & optimize data management. https://ow.ly/NroZ50V6BGj #GoogleCloud #AI #DigitalBanking #OnlyForward
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Fintech friends, let’s do it again! Join us for another exclusive Happy Hour at #FintechMeetup in Vegas. ⬇️⬇️⬇️
🚀 Heading to Fintech Meetup in Vegas this March? Make sure to join us for an exclusive networking event designed for #fintech leaders, financial services execs, and investors on Monday, March 10th! 🥃🤓 Spots are limited—request your invite now: https://lnkd.in/gTWRFaZz Want to stay ahead on must-attend events this season? Use our FREE Event Analyzer: https://lnkd.in/gU5Sdt3R #Fintech #VC #FintechEvents #FintechMeetup #FintechMeetup2025
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"The fintech sector has evolved into a critical pillar of modern banking, and in 2025, it is poised for another year of growth." In her latest byline, Lauren M., SVP & Head of Embedded Finance, explores the biggest trends shaping financial technology (fintech) this year and the critical role banks play in driving innovation. #DigitalBank #BusinessBanking #EmbeddedFinance #BaaS #Fintech #Innovation #OnlyForward ⬇⬇⬇
Bank-fintech partnerships: Banking on innovation in 2025 Read the new Finextra #PREDICT2025 article on #collaboration between #Banks & #Fintechs by Lauren M. - Senior Vice President and Head of Embedded Finance at Grasshopper Bank ➡️ https://lnkd.in/e-v98Zbt #fintech #thelongread #finance #economy #bank #banking #financialservices #financialinstitutions #technology #innovation #future #predictions #trends #modernization #digitaltransformation #digitalbanking #AI #artificialintelligence #automation #riskmanagement #regulation #compliance #AItools #payments #digitalpayments #instantpayments #realtimepayments #digitalwallets #paymentservices #embeddedpayments #embeddedfinance #security #partnerships #funding #investment #trust #customerexperience #financialecosystem
Bank-fintech partnerships: Banking on innovation in 2025
finextra.com
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"Giving a fintech a quick ‘no’ is more helpful than a long drawn-out ‘maybe.’" In this article, Lauren M., SVP & Head of Embedded Finance, highlights the growing need for clarity and decisiveness in BaaS relationships. #DigitalBank #BusinessBanking #BaaS #EmbeddedFinance #Fintech #Innovation #OnlyForward
The BaaS landscape has been turbulent for sometime, in today's story we recap at the major hurdles like regulations and narrowing partner bank network in 2024. We will also take a look at how these challenges were solved by partner banks and fintechs and what strategies and trends may emerge in the industry in the new year. #BaaS #partnerbanks #fintechs #partnerships #embeddedfinance #strategy #regulations https://lnkd.in/dAx3fS65
What BaaS companies learned the hard way in 2024 - and what's coming next - Tearsheet
https://tearsheet.co
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Fraudsters are becoming more sophisticated, leveraging #AI and exploiting vulnerabilities in #banking systems. Plus, the rise of Banking-as-a-Service (BaaS) and #embeddedfinance has created new opportunities—but also new risks. In her latest byline, our BSA Manager, Alena Robertson, dives into the emerging threats of synthetic identity fraud, account takeovers, and API-targeted attacks, and shares best practices banks can implement to stay ahead. https://ow.ly/Yrqg50V0saM #DigitalBank #BusinessBanking #FinCrime #BaaS #Fraud #RiskManagement #OnlyForward
How Banks Can Adapt to the Rising Threat of Financial Crime
darkreading.com
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Our Fund & Sponsor Banking team wrapped up another strong year, onboarding 66 new clients with over 50% of new deposit growth driven by Emerging Managers and 43% representing lending relationships, resulting in $147.3MM total Fund Banking commitments. With robust financing solutions, streamlined account opening and client-centric relationship management, we remain committed to supporting VC & PE investors, the next generation of Emerging Managers, and the lower middle market sponsor community. https://ow.ly/gSCY50UZ0CS #DigitalBank #BusinessBanking #VentureCapital #PrivateEquity #SponsorFinance #OnlyForward
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Grasshopper Bank reposted this
"'FedNow is a critical part of our payments strategy,' said Luther Liang, Director of Product at Grasshopper Bank. “Even savvy businesses don’t understand the differentiations between payment rails. They want to know: how fast is it going to get there? What’s my risk in making this payment? How much is it going to cost?" On FedNow and its applications for business banking: https://bit.ly/3CHBGPR
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