About Grasshopper Bank
Grasshopper Bank is a company based in New York (United States) founded in 2016 was acquired by Enova in December 2025.. Grasshopper Bank has raised $218.76 million across 5 funding rounds from investors including Hamilton Lane, Enova and FJ Capital Management. Grasshopper Bank offers products and services including Small Business Checking, Small Business Savings, Startup Banking, and SBA Lending. Grasshopper Bank operates in a competitive market with competitors including Jiko, OakNorth Bank, Nano Banc, Crescent and QualiFi, among others.
- Headquarter New York, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Grasshopper Bank, N.A.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$218.76 M (USD)
in 5 rounds
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Latest Funding Round
$46.6 M (USD), Series D
Aug 05, 2025
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Investors
Hamilton Lane
& 9 more
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Employee Count
Employee Count
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Acquired by
Enova
(Dec 11, 2025)
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Products & Services of Grasshopper Bank
Grasshopper Bank offers a comprehensive portfolio of products and services, including Small Business Checking, Small Business Savings, Startup Banking, and SBA Lending. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account offering cash back and high APY for business transactions
Savings option with competitive APY for business funds management
Tailored banking for startups including cash back and wire transfers
Loans for business acquisition and refinancing needs
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Funding Insights of Grasshopper Bank
Grasshopper Bank has successfully raised a total of $218.76M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $46.6 million completed in August 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series D — $46.6M
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First Round
First Round
(01 Jun 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Series D - Grasshopper Bank | Valuation | Patriot Financial Partners | |
| Dec, 2023 | Amount | Series D - Grasshopper Bank | Valuation |
investors |
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| Aug, 2022 | Amount | Series D - Grasshopper Bank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Grasshopper Bank
Grasshopper Bank has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Hamilton Lane, Enova and FJ Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are targeted at US companies.
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Founded Year | Domain | Location | |
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Endeavour is engaged in investing in family and founder-owned businesses.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward the United States market.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Grasshopper Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Grasshopper Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Grasshopper Bank Comparisons
Competitors of Grasshopper Bank
Grasshopper Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jiko, OakNorth Bank, Nano Banc, Crescent and QualiFi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
T-bill investing for businesses is enabled by a secure platform.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Internet-first bank offering business banking services
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| domain | founded_year | HQ Location |
Online platform for savings and investments for financial goals
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| domain | founded_year | HQ Location |
Offers lines of credit, term loans, and equipment financing to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Grasshopper Bank
Frequently Asked Questions about Grasshopper Bank
When was Grasshopper Bank founded?
Grasshopper Bank was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Grasshopper Bank located?
Grasshopper Bank is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Grasshopper Bank a funded company?
Grasshopper Bank is a funded company, having raised a total of $218.76M across 5 funding rounds to date. The company's 1st funding round was a Series D of $30.4M, raised on Jun 01, 2017.
What does Grasshopper Bank do?
Grasshopper Bank was established in 2016 in New York, United States, as an internet-first institution focused on business banking. Cloud-based solutions are provided to support financial operations for emerging and established companies. Services include commercial banking and tools to address daily financial challenges, with operations centered on digital delivery in the fintech sector.
Who are the top competitors of Grasshopper Bank?
Grasshopper Bank's top competitors include OakNorth Bank, Jiko and Nano Banc.
What products or services does Grasshopper Bank offer?
Grasshopper Bank offers Small Business Checking, Small Business Savings, Startup Banking, and SBA Lending.
Who are Grasshopper Bank's investors?
Grasshopper Bank has 10 investors. Key investors include Hamilton Lane, Enova, FJ Capital Management, Carpenter & Company, and Patriot Financial Partners.