Grasshopper Secures $46.6M to Expand Digital Banking
Slice of Finance Team
08/13/2025
Key highlights
- $46.6M funding round led by Patriot Financial Partners, with Glendon Capital participation.
- Supports merger with Auto Club Trust, FSB and expanded consumer offerings.
- 53% asset growth in first half of 2025, reaching $1.33B.
- Four prominent industry leaders join the Board of Directors.
- Focus on future-ready digital banking for businesses and consumers.
Source: Direct
Notable Quote
“ From the beginning, our vision has been to redefine what digital banking can do for entrepreneurs, modern businesses, and the ecosystem that supports them… This capital gives us the opportunity to continue pushing boundaries, broaden our reach, and unlock new possibilities in how we deliver meaningful, future-ready digital banking experiences. ”
Mike Butler, CEO at Grasshopper
Why This Matters
This funding marks a significant milestone for Grasshopper as it continues its rapid growth in the digital banking sector. The capital injection not only solidifies the bank’s position in business banking but also accelerates its expansion into consumer markets through its recent acquisition of Auto Club Trust. With a strengthened board of directors and substantial increases in assets, deposits, and loans, Grasshopper is poised to set new standards in personalized, technology-driven financial services, positioning itself as a leading innovator in the evolving digital banking landscape.
