Grasshopper Bank

About Grasshopper Bank Grasshopper Bank is a fully chartered national digital commercial bank headquartered in New York City, purpose-built for startups, small businesses, venture-backed companies, and fintech operators.

Unlike software-as-a-service banking overlays, Grasshopper holds an OCC-issued national bank charter — making it one of the few de novo digital banks with true regulatory standing in the United States.

The platform delivers interest-bearing business checking accounts (up to 1.

35% APY), 1% debit card cashback, fee-free ACH, zero-cost incoming wires, SBA lending, commercial real estate lending, embedded finance APIs for fintech builders, and AI-driven transaction automation — all through a mobile-first interface.

Founded in 2016 by Judith Erwin Matheson and launched in May 2019 as the first US digital commercial bank, Grasshopper has grown to $1. 33B+ in assets, $60.

64M in total revenue (191% YoY growth), and a pending $369M acquisition by Enova International (NYSE: ENVA), expected to close in H2 2026.

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