Product & Technology Updates

• AI Connector: We became the first U.S. bank to launch an MCP server, in partnership with Narmi, transforming how startups and small businesses access, interact with, and act on their own financial data. Our MCP-based AI connector lets clients ask natural language questions about their finances through platforms like Claude or Chat GPT and receive instant answers in real time, giving them unprecedented visibility, control, and insights into their financial operations.
• Innovator Term Loan: We rolled out a new unsecured loan offering, enabling small business clients to obtain a term loan ranging from $10,000–$200,000 through a digital, frictionless application process, with approved funds deposited into their Grasshopper business account as quickly as the same business day. 
• SBA Scorecard Automation: We further automated pre-approval decisioning for SBA 7(a) loans and standardized the scorecard across all our channels, enabling faster, smarter decision-making and greater access to capital for small businesses nationwide. 
• Account Funding & User Experience: We increased account funding limits, introduced activity-based segmentation, sped up exception processing, clarified mobile check deposit guidance, relaxed check endorsement requirements, and simplified workflows, helping clients get the most out of their business bank accounts.
• ACH Origination: Clients can now initiate ACH payments to third-parties directly through our business banking platform, making it easier to handle payroll, vendor payments, bill payments, loan payments, and other recurring transactions with speed, reliability, and greater visibility. 
• Fintech Self-Serve Portal: Our new self-serve portal centralizes everything our fintech partners need to manage their embedded finance programs in one secure, password-protected location, making it easier than ever to access release notes, API documentation, and associated account information to stay fully informed.
• Affiliate Application API: We released an API that makes it easy for our affiliate partners to start loan and deposit applications, programmatically pre-fill fields, and streamline the applicant experience.
• Real-Time Transaction Monitoring: We enhanced visibility into account activity to improve security, support faster fraud detection, and better protect our clients if their account is compromised.

Awards & Recognition

• Banking Tech of the Year: In what the organizers called their most competitive year yet, we were honored at the US Fintech Awards for our card management suite, highlighting our digital-first approach, potential to scale, clever use of technology, and clear focus on meeting clients’ needs in a rapidly evolving market.
• Nimble Award: We received the “Nimble Award” presented in the Smarter Bank category at Cornerstone Advisors’ annual GonzoBanker Awards, celebrating our MCP server deployment, agility, and forward-thinking solutions.
• Best Digital Bank & Best BaaS Provider: We were shortlisted in two categories at the 2025 Finovate Awards, reflecting our commitment to delivering innovative digital solutions and continuing to be a leader in embedded finance. 
• Nerdwallet 5-Star Rating: Our flagship Innovator Business Checking account received a 5/5 star rating, one of only two business bank accounts to be recognized in Nerdwallet’s 2026 review.

What’s Next

As we move into the next phase of growth, we’re focused on building modern digital tools and experiences that empower clients and partners even further:

Product Roadmap

• Redesigned User Interface: We’re simplifying how clients interact with their accounts, adding functionality so they can find what they need and complete tasks faster, without friction.
• Dynamic Segmentation: We’re developing a more automated process to place clients into segments based on relationship, business profile, and activity-based needs, so the right features, limits, and funding speed are tailored to them. 
• Instant Transfers & Payments: Instant transfers and payments powered by the FedNow® service are on the way, giving clients access to faster, more reliable movement of funds.
• Treasury Management Offering: We’re preparing to launch a dedicated treasury management product designed to help clients optimize returns through smarter cash positioning while also delivering greater visibility and control over their finances.
• Stablecoin Exploration: We’re actively exploring stablecoin capabilities to support faster settlement, modern payment experiences, and future-ready digital asset use cases for our clients.

Aspirations & Ambitions

• Push the Boundaries: Continue to redefine what’s possible in banking, empowering SMBs, startups and fintechs with smarter, faster, and more intuitive digital tools. 
• Expand Our Reach: Extend our impact to new client and customer segments, using affinity banking and strategic partnerships to deliver tailored, meaningful financial solutions. 
• Lead the Industry: Maintain our position as an industry leader in secure, efficient, and client-focused digital banking technology.

H2 showed us what’s possible when innovation meets client-focused design, but it also reminds us there’s always more to achieve. As we look ahead, our focus is clear: empower businesses, remove friction from banking, and give our clients the tools they need to move faster, make smarter decisions, and scale without limits.

The road forward is full of opportunity: new products, smarter automation, faster payments, and a digital banking experience that continues to push the industry forward. H2 laid the foundation, but the next chapter will be even bigger, bolder, faster, and more impactful for the businesses and fintechs we serve. Innovation isn’t just what we do—it’s who we are. And we can’t wait to show you what’s next.

Not a client yet? Stay in the loop by signing up for our eNewsletter to get the latest product updates, insights, and fintech news delivered straight to your inbox.

The post Delivering Breakthrough Digital Banking Innovation in H2 2025 appeared first on Grasshopper.

Product & Technology Updates

• Innovator Term Loan: We launched the Innovator Term Loan, exclusively available to existing small business clients. This new financing option is designed to help small businesses scale with flexible terms, competitive rates, and a streamlined digital application process—ensuring faster access to the capital they need to grow.
• Bank Verification Letter & Wire Instructions: To make banking even more convenient, we’ve introduced a new feature in our Business Banking platform that allows small businesses and startups to instantly generate and download Bank Verification Letters and Wire Instructions directly from online banking. No more waiting or manual requests—just quick, secure access to essential banking documents when you need them.
• Real-Time Payments: We have officially gone live with RTP® from The Clearing House, a real-time payments platform built for the For Benefit Of (FBO) account model, enabling Banking-as-a-Service (BaaS) programs powered by Increase to send and receive real-time payments in seconds. By leveraging RTP within the FBO framework, our partners can facilitate instant transactions, improving cash flow, reducing settlement times, and enhancing the overall payment experience for their end users.

Innovation and efficiency are at the core of these latest enhancements, making banking faster, simpler, and more accessible. As we continue to expand our offerings and refine our digital platform, our focus remains on delivering seamless financial solutions that empower our clients to grow with confidence. Even more exciting updates are on the horizon—stay tuned!

The post Simpler, Faster Solutions: Our Latest Updates for Q1 appeared first on Grasshopper.

Product & Technology Updates

• Transactional SMS Alerts: We introduced SMS alerts to deliver real-time notifications about account security, transactions, and important updates directly to our clients’ phones, allowing them to stay informed, stay secure, and stay connected with critical information at their fingertips, wherever they are.
• Help Center: We revamped our Help Center, which now features a modern, fresh design that reflects the Grasshopper brand. The updated interface offers user-friendly navigation, making it easier than ever for clients to find the information they need.
• Commercial Roadmap: As a premier digital bank, we are focused on delivering high-quality online banking to our clients, including those with complex needs. We have launched a variety of improvements from aggregation of multiple businesses under one user to improved user management, all with the goal of creating a best in class platform that can serve large commercial enterprises.

Partnership & Marketplace Updates

• Sky Systemz – We teamed up with Sky Systemz, a leading payment processing provider, to empower small businesses, startups and commercial enterprises with merchant services, allowing them to accept credit cards and other forms of electronic payments in-person or online. Through this partnership, Grasshopper clients receive exclusive benefits, including a lifetime 10% discount on processing fees. ➜
• EnFi – We’ve partnered with EnFi, an AI-driven risk management decisioning and monitoring platform for the private credit and lending space, to develop advanced credit analysis and risk monitoring solutions to boost our operational efficiency and allow us to focus even more on delivering forward-thinking digital banking solutions for our clients. ➜
• AAA – We announced that we entered into a definitive merger agreement to acquire Auto Club Trust, a federally chartered savings bank and subsidiary of The Auto Club Group (“ACG”) – the second largest AAA Club in North America. Once the transaction is finalized, Grasshopper will be the exclusive bank powering depository and certain lending offerings to more than 13 million AAA members in ACG’s 14 state-territory. ➜

Looking ahead, we’re committed to progress and energized by the opportunities that lie ahead. At Grasshopper, innovation is at the heart of everything we do, and we look forward to continuing to evolve, enhance and expand our offerings and capabilities to better serve our clients.

The post Empowering Growth: New Payment Solutions, Help Center Revamp & More appeared first on Grasshopper.

Product & Technology Updates

• FedNow Service: In partnership with Narmi, we officially went live on the Federal Reserve’s new instant payment rail, the FedNow Service, enabling our clients to receive payments in real-time and marking the first step in our instant payments strategy.  Currently available to our On-Core fintech clients, we will be expanding receive capabilities for For the Benefit Of (FBO) accounts and rolling out the ability to send money instantly via the FedNow Service to all clients in the coming months.
• Transaction Monitoring: We integrated Alloy’s real-time transaction monitoring into our Business Banking platform to enhance our risk mitigation strategies by providing an additional layer of fraud prevention at the transaction level, allowing us to detect and prevent suspicious activity more effectively and ensure that we maintain the top-notch security that our clients expect.
• Commercial Banking App: We released an updated version of our Commercial Banking app for both iOS and Android devices, which included several enhancements such as smoother check processing, Positive Pay functionality, and easier navigation.
• Account Management: Now, small business and startup clients can manage all of their banking across multiple business entities with one login, simplifying financial operations. 

Partnership & Marketplace Updates

• Gusto – To help small businesses and startups streamline their operations, we partnered with Gusto, an industry-leading HR platform, allowing clients to automate their payroll, stay compliant, and focus on growing their business without the hassle of managing HR tasks manually. Through this partnership, Grasshopper clients get two months of free payroll, plus an integrated HR solution.
• Payvus – We partnered with Payvus, a credit card and capital platform, to help make credit more accessible for small business owners without personal risk so they start building business credit and increase their buying power. 

Thank you for taking the time to explore our latest product and technology update. As we continue to innovate and refine our offerings, we invite you to stay connected with us. Sign up for our quarterly newsletter to receive exclusive updates directly in your inbox or check back regularly for new announcements. We’re committed to delivering cutting-edge solutions that help our clients stay ahead of the curve, and we look forward to sharing even more exciting announcements and resources with you next quarter!

The post Staying Ahead: Our Latest Product & Tech Advancements in Q3 appeared first on Grasshopper.

Product & Technology Updates

• Banking Tech Awards: In June, Grasshopper won the award for “Best Use of Tech in Business Banking” at the Banking Tech Awards USA, recognizing our Banking-as-a-Service (BaaS) platform for its innovation and impact in the business banking sector.
• Debit Card Activation: In May, we enhanced our card management app to enable small business and startup clients to activate their debit card directly in online and mobile banking.
• Debit Card Pin Changes: PIN change capabilities were also added to card management, providing small business and startup clients with even greater convenience and security.
• Recent Wires: Business Online Banking users can now see the status of their recent domestic wire(s) that have been initiated in online and mobile banking.
• Face ID Enhancements: Login credentials will also no longer be required for Business Online Banking users after their iPhone Face ID settings have been saved.

Partnership & Marketplace Updates

• Levy – We partnered with Levy to allow startup clients to reclaim their time with expert outsourced operations, so they can focus on what matters most – scaling and growing their business. Companies in our network get 15% off their first month. 
• Constant Contact – We partnered with Constant Contact to help small business clients step up their digital marketing game with features ranging from email marketing and automation to eCommerce integrations, SMS to social and CRM. Grasshopper clients get 15% off all paid plans when they use our referral link.
• Boopos – Lastly, we partnered with Boopos to offer streamlined, non-dilutive business acquisition loans for small and medium-sized online businesses. Through our partnership, Grasshopper clients receive free advisory sessions, free valuations and insights, plus a dedicated M&A advisor to provide support during the deal. 

As we reflect on the successes of this quarter, we are energized by the progress we’ve made and the recognition we’ve received. Our commitment to innovation, strategic partnerships that drive client value, and providing an exceptional digital banking experience continues to drive us forward. We look forward to building on these achievements in the coming months. If you are not already a Grasshopper client, we encourage you to open an account today to experience the full range of benefits we’ve highlighted in this update and more! 

The post Driving Innovation: Our Second Quarter Achievements & New Marketplace Partnerships appeared first on Grasshopper.

Product& Technology Updates

• Banking Tech Awards: Grasshopper has been shortlisted for this year’s Banking Tech Awards USA, courtesy of Fintech Futures. Our Banking-as-a-Service (BaaS) platform has been named as a finalist for the “Best Use of Tech in Business Banking” category.
• AI & LLM – We have launched partnerships within the bank to establish the usage of generative AI and large language models (LLM). This approach aims to enhance client experience, improve operational efficiency, and foster innovation, positioning us at the forefront of technology-driven banking solutions and experiences.
• RPA – To continue to create operational efficiencies and strategically reallocate human resources to higher-value tasks, we have deployed robotic process automation (RPA) to our business processes across multiple departments. As a result, RPA not only optimizes our workflows but also enhances our capacity to innovate and drive forward key initiatives.
• Plaid integration – To enhance our API-based Plaid integration, we implemented machine learning to transform transactional data into clear, easily digestible descriptions. This step not only streamlines data processing but also enriches insights available to our users, enabling better decision making and more personalized financial management.
• Recipients Tab – A new “Recipients” tab has been added within the Settings page of, allowing Business Online Banking users to manage their Bill Pay recipients directly in online banking.
• Manage Users – Admins can now set daily transfer limits per Business Online Banking user for external ACH and Wire transfers in online and mobile banking. If user-specific limits are not set, the default company limits will be used.
• Duplicate Payments – A new warning prompt has been added to alert Business Online Banking users of a potential duplicate payment when setting up a transfer via Bill Pay on mobile banking.

Partnership Updates

• Greenlite – In February, we announced our partnership with Greenlite, the leading generative AI platform for compliance teams, to leverage Greenlite’s AI-enhanced due diligence suite to bolster our risk decisioning proficiency for small and medium-sized business (SMB) and startup clients.
• Pocketbook – In March, we announced our partnership with Pocketbook, a white-label embedded financial solution that provides payments, banking and modern business tools to small-and medium-sized businesses (SMBs).

As we conclude this quarter’s update, we remain inspired by the progress we’ve achieved and the opportunities that lie ahead. Our commitment to driving innovation and improving efficiency continues to shape the way we operate and serve our clients. Stay tuned for more updates as we strive to not only meet but exceed our goals in the coming quarters!

The post Unlocking New Efficiencies: Our Latest Tech Innovations This Past Quarter appeared first on Grasshopper.

Product & Technology Update

• Accelerator Checking: On October 3rd, we announced the launch of Accelerator Checking, a feature-packed operating account and partnership ecosystem designed to serve a wide range of startups. With this latest offering, startup clients receive exclusive access to Grasshopper Connect and valuable add-on benefits offered in our partner marketplace.
• Partner & Perks: As a part of the launch of Accelerator Checking, we unveiled our new partner marketplace, featuring carefully selected partnerships and customized offerings tailored to our startup and small- and medium-sized business (SMB) clients.
• Grasshopper Connect: Following the launch of Accelerator Checking, we provided a behind the scenes look at Grasshopper Connect, an exclusive, curated community of investors within our network built for startup clients seeking fundraising opportunities.
• Plaid Integration: Lastly, but certainly not least, we rolled out improvements to our existing Plaid integration. Now, through an API-based connection, Innovator Business Checking and Accelerator Checking clients can generate one-time usernames and passwords directly within online and mobile banking to connect their account to other modern payment applications, such as Venmo. 

Partnership Update

• Cable: On July 25th, we announced our partnership with Cable, an all-in-one financial crime effectiveness testing platform, to deploy next-level automation and technology for financial crime assurance, testing, and oversight. By partnering with Cable, we’re able to leverage the company’s technology to further automate our operations and drive efficiency while providing fintech clients in our Banking-as-a-Service (BaaS) program tools they need to scale efficiently and responsibly.
• Capchase: On November 15th, we announced our partnership with Capchase, a leading provider of non-dilutive financing solutions for Software-as-a-Service (SaaS) companies, to provide revenue-based financing for enterprise SaaS startups through our partnership ecosystem, exclusively available to Accelerator Checking clients.
• Vouch: We partnered with Vouch, a digital-first insurance provider, to offer special discounts on business insurance. Through this partnership, founders can protect their startup in as little as 10 minutes and get 5% off their coverage. 
• Slack: We partnered with Slack, an AI productivity platform that brings new ways of working to teams. Grasshopper clients get 25% off eligible upgrades to Slack Pro and Business+ for 12 months.
• Linear: And we partnered with Linear, the issue tracker that startups love to use, to help them streamline workflows across the entire product development process. Our startup clients get 3 months free on any Linear plan.

As we reflect on the past few months, we are excited about the progress made. We’ve navigated challenges, celebrated successes, and pushed the boundaries of what our products and technology can achieve. Rest assured, this is not the end but a transition into the next phase of innovation. We eagerly anticipate the opportunities and challenges that lie ahead and look forward to bringing you even more exciting developments this year.

The post Product Update: A Recap of our Achievements in H2 appeared first on Grasshopper.

Partnership Update

In the last 3 months, we have announced several partnerships which have helped us to enhance our services. Thanks to collaborations such as these, we are able to better serve the business and innovation economy. Here are some of the latest partnerships we have announced:

• nCino: On May 3rd, we announced our partnership with nCino, a worldwide leader in cloud banking. Working with nCino, we were able to begin leveraging several nCino solutions such as Portfolio Analytics, Commercial Banking,and Customer Engagement. These tools help us to enhance portfolio management and reporting, speed to market for loan closing, and line of sight into the loan process across our lending divisions– all of which supports venture and private equity funds, commercial real estate, and SBA borrowers. 
• Sydecar: On May 9th, we announced our partnership with Sydecar, a frictionless deal execution platform for venture investors. Their platform handles back-office operations, automating banking, compliance, contracts, tax, and reporting so that investors can focus on making deals and building relationships. Through this partnership, we are able to provide Sydecar’s venture investing clients with access to digital banking products through our Banking-as-a-Service (BaaS) platform. 
• Numerated: On June 13th, we announced our partnership with Numerated, an innovative provider of digital business lending solutions. In partnering with Numerated, we were able to integrate their financial spreading tool for our credit team to automate the process of aggregating and analyzing financial data. This has allowed us to improve our commercial loan origination and portfolio maintenance and auro-spreading for financial statements. We have also been able to leverage AI capabilities to spread and analyze small business customers’ financial statements, which eliminates the need for manual input, reducing the spreading process from hours to just minutes.

Product Update

There are also new products that we have begun utilizing in the last quarter. Here are some we are especially excited about:

• ICS and CDARs: Working with IntraFi, we are able to offer expanded FDIC insurance with Insured Cash Sweep (ICS) accounts and Certificate of Deposit Account Registries (CDARs). Clients can keep a peg balance in a Grasshopper account (i.e. FDIC insured $250,000) and place funds in excess of that into ICS or CD accounts spread across various FDIC-insured financial institutions. These accounts can be easily viewed and managed within IntraFi’s client portal.
• Automated Risk Management: Working with Cable, we are able to offer a standardized, self-service onboarding experience for Banking-as-a-Service (BaaS)  clients. These clients can also now create an automated risk management program using a centralized platform to monitor risks and controls while easily identifying exceptions to help stay in compliance

Recognition

On June 1st, Grasshopper had the honor of being named the overall winner for Best Use of Tech in Banking at FinTech Future’s Banking Tech Awards USA. Receiving a recognition such as this highlights our team’s passion for providing a great digital banking experience for the business & innovation economy. We’re very excited to have received such an award that reinforces our mission to remain tech-forward in our banking approach, and we look forward to continuing to embrace the future of business banking.

Looking Ahead

All of us here at Grasshopper are very proud of all the progress we have made in such a small time period, but we know we can still go much further. We are confident our services will only continue to advance from here.

Only forward!

The post Product Update: What we’ve accomplished in Q2 appeared first on Grasshopper.

Back in March 2022, we announced a relaunch of the company called “Grasshopper 2.0.” More than 365 days have passed since then, and we are incredibly proud of what we’ve accomplished within that time. Over the coming months, we will continue to expand upon our existing product offerings and roll out new enhancements to help our clients work faster and more efficiently than ever before.

A look at our latest strategic partnerships

• Lighthouse Payment Services: At the end of 2022, we partnered with Lighthouse Payment Services to offer Wholesale and Retail Lockbox Services to all of our clients. Benefits of Lockbox Services include improved cash flow, digital reporting, cost efficiencies and reduced risk.
• Ramp: At the beginning of 2023, we announced our partnership with Ramp, the #1 corporate card and expense management platform. Through this partnership, Grasshopper clients can apply for a corporate card on a referral basis in as little as 15 minutes. As a bonus, our clients receive a $500 Amazon eGift Card after spending $1,000 within 30 days of account opening. Benefits of a Ramp card include: free 5-in-1 finance automation software, unlimited physical & virtual cards, zero-touch expense software with receipt automation, seamless accounting integrations, uncapped 1.5% cash back and more.
• Mantl: At the end of January, we also announced a new partnership with Mantl, a leading provider of account origination solutions. Through this partnership, we will be leveraging Mantl’s Commercial Deposit Origination solution to strengthen our digital deposit account opening platform and enhance our customer experience. We are also collaborating with Mantl to build a digital and fully-automated Business Loan Origination solution from the ground up, anticipated to launch in the second half of 2023.

A look at our latest enhancements

• Team-Based Card Management & Spend Controls: In July 2022 we announced virtual cards as our first product release of Grasshopper 2.0. We have continued to roll out new and exciting improvements, including team-based card management. Clients can also now set card spend limits and merchant type restrictions for their cards. Businesses have teams with varied roles within their organizations. We’re excited to now offer a secure, convenient way for individual teams to instantly issue virtual debit cards in online and mobile banking to meet their needs.
• Ramp Integration: Immediately following the announcement of our partnership with Ramp, both teams have worked closely together to further integrate Ramp’s platform into our digital banking experience. Innovator Business Checking clients can now view and manage both their physical and virtual Grasshopper business debit cards, as well as their Ramp corporate cards, all in one place.
• Visa SavingsEdge: Most recently, we partnered with Visa to offer debit card holders additional rewards through SavingsEdge, allowing clients to save on everyday business expenses and applying the savings as statement credits. Clients also have access to Instant Savings, which is applied to their cart prior to making a purchase at checkout when a promo code is entered directly on a merchant’s website.

Moving Forward

We’re proud of the remarkable effort that our team has undertaken and will continue to work tirelessly to make sure that our clients have the exceptional digital banking experience they deserve. For the second half of 2023, our focus will be on scaling our existing platforms as we continue to grow the business. We are confident that we have industry-leading products and technologies and aim to deliver them to more clients throughout the business and innovation economy while sharpening our focus on maintaining high quality business performance. The pace of new features and functionality may decelerate, but the size of our portfolio and growth will not.

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