Launched in 2019 as a digital-first national bank, Grasshopper Bank (FDIC-Insured, OCC-Regulated) was engineered specifically to serve the business and innovation economy—founders, venture capital funds, SaaS platforms, and FinTech innovators. Headquartered in New York, Grasshopper combines modern cloud infrastructure with a full-service national bank charter, delivering a seamless API-driven banking experience for modern software platforms.

Through its dedicated Embedded Finance and BaaS division, Grasshopper Bank allows FinTechs and software platforms to embed high-yield treasury management, business checking (DDAs), instant-issue virtual and physical debit cards, and multi-rail payment rails directly into their applications. By leveraging sweep networks, Grasshopper extends FDIC insurance up to $125 million per client while providing developer-friendly APIs that streamline automated onboarding and real-time ledgering.

• Innovation Economy Focus: Purpose-built national bank charter designed specifically for venture-backed startups, SaaS companies, and FinTech platforms.

• Extended FDIC Insurance Sweeps: Provide startup clients and platform users access to extended FDIC deposit coverage up to $125 million.

• Embedded Banking APIs: Developer-friendly API infrastructure for programmatic demand deposit account (DDA) creation, sub-ledgering, and automated bill pay.

• Instant Card Issuance & Cashback: Issue virtual and physical business debit cards featuring instant digital wallet provisioning (Apple Pay, Google Pay) and smart spend controls.

• LendAPI Orchestration: Map startup onboarding, automated KYC/KYB screening, and deposit setup directly into Grasshopper Bank rails using LendAPI's visual workflow builder.

Key Features

• National OCC Charter: Scale digital banking, deposit gathering, and payout products nationwide under a single federal regulatory framework.

• High-Yield Startup Treasury: Offer yield-bearing checking and savings accounts backed by automated deposit sweep networks up to $125 million.

• Real-Time Payment Rails: Programmatic access to FedNow receive/send capabilities, Visa Direct real-time push payments, domestic wires, and ACH.

• Multi-Entity & FBO Support: Multi-entity account management and multi-tenant FBO account architectures for complex FinTech fund flows.

• Instant Virtual & Physical Cards: Issue branded virtual debit cards instantly with customizable spend limits, category restrictions, and 1% cashback rewards.