Grasshopper Bank, a digital banking platform, finalized a $30.4 million capital raise, bringing the bank’s overall fundraising to $160 million. Funds from current investors Patriot Financial Partners, Endeavour Capital, FJ Capital Management, and Carpenter & Company made up the majority of the bank’s most recent fundraising effort with contributions from GCP Capital Partners. The funding follows Grasshopper’s first Banking-as-a-Service (BaaS) partnership – the bank revealed it has reached an agreement with cash-management upstart Treasure Financial to expand its BaaS offering.
Grasshopper Bank Raises $30M Amid Push Into SMB Lending, BaaS
