New Startup-Focused Bank Gets More than $100 Million From Investors

A New York based bank opened up for in May 2019, after raising over $100 Million from investors. Indeed, Grasshopper Bancrop Inc entered the business world targetting startups. It is an excpetional investment as new banks are rare in the US because of low interests rate and domincane of giant lenders. Grasshopper is known as a venture bank, meankng that, it typically will take deposits from startups that have raised money from investors and firms. This bank aims to lend more established companies investing into startups. But, CEO Judit erwin believes that many barriers are falling down for new banking companies. Read More >>

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s