Founded
2019
Total Funding
$219M
Employees
100-200
🏢 Company Overview
Headquarters
New York City, USA
CEO
Mike Butler
Founder
Judith Erwin
Funding Stage
Series C+
Total Funding
$219M
Pricing
Free
Rating
★ 4.4
AML Compliant
PCI DSS
Banking License
Payment License
FDIC Insured
FDIC insured up to $250,000 standard; up to $125 million via enhanced FDIC sweep network
ℹ️ About Grasshopper
Grasshopper is an FDIC-insured digital business bank offering fee-free checking, high-yield savings, and SBA lending for startups and SMBs.
⚡ Key Features
Fee-free business checking with unlimited transactions
Up to 3.00% APY savings accounts
Unlimited 1% cash back on purchases
SBA and commercial real estate lending
Banking-as-a-Service embedded finance platform
AI-powered MCP server financial insights
💪 Strengths & Weaknesses
4 Pros
3 Cons
💪
Strengths
What it does well
Zero monthly maintenance fees
FDIC insured $125M enhanced
First US bank MCP server
Competitive high-yield APY rates
⚠️
Weaknesses
Areas to improve
US-only availability currently
No cash deposit support
Weekend support not available
💬 User Reviews
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🔗 External Resources
🌍 Available In
1 countries
United States
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