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Grasshopper Raises $30.4 Million To Address Demand For Digital Banking Services Across The Business And Innovation Economies

Aug 01, 2022•about 3 years ago

Amount Raised

$30.4 Million

New YorkBankingLendingFintechFinanceFinancial Services

Description

NEW YORK, NY / August 1, 2022 / Grasshopper today announced the completion of a $30.4 million capital raise, bringing the digital commercial bank's total funding to date to $160 million. While the majority of this funding came from existing investors, including Patriot Financial Partners, Endeavour Capital Advisors, FJ Capital Management and Carpenter & Company, Grasshopper has also attracted a new noteworthy investor in GCP Capital Partners.

Company Information

Company

Grasshopper Bank

Location

Support@Grasshopperbank

New York, United States

About

Grasshopper Bank, N.A. is a client-first digital bank serving the business and innovation economy. They offer a suite of products and services tailored to specific industries and a passionate team of experts with deep expertise in their fields. Their banking solutions cover small businesses, startups, venture capital and private equity firms, fintech-focused Banking-as-a-Service (BaaS) and commercial API banking platforms, SBA lending, and commercial real estate lending.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech