Grasshopper Bank, N.A.
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Grasshopper Bank, N.A. - overview
Established
2019
Location
New York, NY, US
Primary Industry
Financial Services
About
Founded in 2019 and based in New York, US, Grasshopper Bank, N. A. is a digital bank that serves small businesses, startups, and investors that offers Banking-as-a-Service (BaaS) and commercial API banking platforms, SBA lending, commercial real estate lending, and yacht financing. In December 2025, Enova International, Inc.
agreed to fully acquire Grasshopper Bank, N. A. from TACK Ventures, Endeavour Capital Advisors, FJ Capital Management, Hamilton Lane, Patriot Financial Partners, T. Rowe Price, Carpenter & Company, GCP Capital Partners, GCP Capital Partners, and Glendon Capital Management for approximately USD 369 million in cash and stock.
The acquisition enables Enova to combine its online lending capabilities with Grasshopper’s digital banking infrastructure, expanding product offerings and diversifying funding sources.
Current Investors
TACK Ventures, T Rowe Price, Patriot Financial Partners
Primary Industry
Financial Services
Sub Industries
Investment Banking, e-Financial
Website
www.grasshopper.bank
Verticals
FinTech, FinTech, FinTech
Company Stage
Acquired
Total Amount Raised
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