National bank (N.A.), Member FDIC (US) tracked in the Embedded Finance Index. Named by 12 companies, most often as their banking-as-a-service.
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12 companies name Grasshopper Bank in their stack. The most common role is banking-as-a-service (11). A company can use the same bank for more than one thing.
Grasshopper Bank launched as a digitally-native national bank (N.A. charter) targeting small businesses, startups, and the VC/PE ecosystem. It has positioned itself as both a direct digital business bank and a sponsor/BaaS bank for fintechs, offering API banking, FBO accounts, and embedded finance infrastructure. Over time it has deepened its lending product suite — SBA loans, term loans, sponsor finance, commercial real estate, and yacht lending — while simultaneously growing its BaaS program with technology partners like Increase and Narmi. The dual strategy of serving end-customers directly while powering third-party fintechs as a sponsor bank distinguishes it from pure-play neobanks.
Other banks named for BaaS in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
An embeddable badge for Grasshopper Bank’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.
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alt="Ranked #35 of 340 in BaaS — Embedded Finance Index 2026">
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<img src="https://www.embeddedfinanceindex.com/api/badge/grasshopper-bank/install" width="1" height="1" alt="" style="display:none">12 companies are linked to Grasshopper Bank in the Embedded Finance Index 2026, through their own public disclosures or Grasshopper Bank's published customer list, including Sydecar, Treasure, AngelList, Vantaca, Carry, Karat Financial, Carry Money, Grailpay, Stedi, Sky Systemz and 2 others.
Grasshopper Bank is a bank. Companies in the Embedded Finance Index 2026 name it as their banking-as-a-service (11) and sponsor bank (11).
Yes. Grasshopper Bank is a National bank (N.A.), Member FDIC.
The most-named BaaS alternatives to Grasshopper Bank are Evolve Bank & Trust (71 buyers), Sutton Bank (63 buyers), Cross River (56 buyers), Pathward (48 buyers), ClearBank (39 buyers) and Thread Bank (35 buyers).
Grasshopper Bank is founded in 2003 and headquartered in New York, NY.
Grasshopper Bank has raised $161.5M in total.
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