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
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Grasshopper Bank, N.A.
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$218.76 M (USD)
in 5 rounds
-
Latest Funding Round
$46.6 M (USD), Series D
Aug 05, 2025
-
Investors
Hamilton Lane
& 9 more
-
Employee Count
Not available
-
Acquired by
Enova
(Dec 11, 2025)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
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
People of Grasshopper Bank
Unlock access to complete
Unlock access to complete
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.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity investments are targeted at US companies.
|
Locked | Locked | Locked | |
|
Endeavour is engaged in investing in family and founder-owned businesses.
|
Locked | Locked | Locked | |
|
Private equity investments are directed toward the United States market.
|
Locked | Locked | Locked |
Investor details for Grasshopper Bank
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Grasshopper Bank
Investment portfolio details for Grasshopper Bank
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Grasshopper Bank
Detailed financials for Grasshopper Bank
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Grasshopper Bank Comparisons
Peer comparison for Grasshopper Bank
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
T-bill investing for businesses is enabled by a secure platform.
|
|
| Locked | Locked | Locked |
Commercial bank
|
|
| Locked | Locked | Locked |
Internet-first bank offering business banking services
|
|
| Locked | Locked | Locked |
Online platform for savings and investments for financial goals
|
|
| Locked | Locked | Locked |
Offers lines of credit, term loans, and equipment financing to businesses.
|
Detailed competitors of Grasshopper Bank
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Grasshopper Bank
Complete news archive for Grasshopper Bank
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Grasshopper Bank
Grasshopper Bank was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Grasshopper Bank is headquartered in New York, United States. It is registered at New York, New York, United States.
Grasshopper Bank is a funded company, having raised a total of $218.76M across 5 funding rounds to date.
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.
Grasshopper Bank's top competitors include OakNorth Bank, Jiko and Nano Banc.
Grasshopper Bank offers Small Business Checking, Small Business Savings, Startup Banking, and SBA Lending.
Grasshopper Bank has 10 investors. Key investors include Hamilton Lane, Enova, FJ Capital Management, Carpenter & Company, and Patriot Financial Partners.