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 >>