The Bank Slate


Grasshopper in NY signs up initial BaaS client

Grasshopper Bank in New York has signed its first Banking-as-a-Service client. 

The $305 million-asset bank is working with Treasure Financial, a fintech that provides automated cash management solutions for growing businesses. The partnership is designed to support Treasure’s treasury management offering and help Grasshopper deepen ties to small and midsize businesses. 

Treasure said in a press release that the companies are exploring ways to offer its solution to Grasshopper clients. 

“Treasure is the leader in treasury management as a service that keeps building, offering and strengthening their product, and we’re excited to partner with them,” Mike Butler, Grasshopper’s CEO, said in the release. 

“We believe in their business model and look forward to helping them achieve their growth goals,” Butler added. “We also have a strong alignment in terms of the markets we serve, so being able to offer this type of platform to our clients in the future will be another great win.” 

Treasure is planning on announcing more products in the second half of 2022.

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