Patriot Financial Partners LP led the funding round, with additional participation from Glendon Capital Management.

With total assets of approximately $1.4 billion, Grasshopper Bank is a client-first, full service digital bank. Grasshopper Bank replaces the traditional one-size-fits-all approach to banking with a suite of products and services tailored to specific industries and a passionate team of experts with deep expertise in their fields. Grasshopper Bank's banking solutions cover small businesses, startups, venture capital and private equity firms, fintech-focused Banking-as-a-Service (BaaS) and commercial API banking platforms, SBA lending, commercial real estate lending, yacht lending, and white-labeled consumer banking.