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The Founder Institute, the world’s largest pre-seed startup accelerator, is excited to announce a new partnership with Grasshopper Bank, the client-first digital bank built to serve the business and innovation economy, that is designed to empower U.S. startups with an innovative digital platform, best-in-class banking services, and a powerful network they need to build enduring businesses.

As the Founder Institute’s Preferred U.S. Banking Partner, Grasshopper will collaborate with FI to offer its innovative Accelerator Checking product to startups across 30+ U.S. chapter cities, and design new customized banking solutions, educational resources, and interactive events to help thousands of entrepreneurs across the country.

Grasshopper has developed a simple, fast, and powerful digital offering for startups, and we have received nothing but amazing feedback from everyone that has used their service. They simply understand the needs of startups, so we have no doubt that this partnership will help countless entrepreneurs throughout FI Network," says Jonathan Greechan, Co-Founder & CEO of Founder Institute

With total assets of approximately $733 million, Grasshopper 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’s Accelerator Checking provides startups with the speed, simplicity, flexibility, and exclusive perks and essential business solutions that fast-growing startups need, including but not limited to; 

  • Easy online account opening in  as little as 5 minutes

  • Physical and instant-issue virtual debit cards, with advanced team-based card management and spend controls

  • Unlimited transfers, with free ACH

  • Enhanced FDIC Insurance up to $125 million 

  • Free incoming and outgoing domestic wire transfers when maintaining an average balance of $25,000 or more

  • Unlimited 1% cash back on online and signature-based purchases

  • An exclusive, curated community of investors for startups seeking fundraising support

  • A comprehensive network of partner integrations and perks packages from leading business technology and service providers.

We’ve made it our mission to serve as a trusted partner to the innovation economy and the startup companies that play an essential role throughout this ecosystem. By partnering with the Founder Institute, we are able to further support these companies throughout the U.S. with access to our Accelerator Checking product and tailored digital offerings. We look forward to working closely with FI to drive innovation throughout the startup community," says Sydney Bagrou, Vice President of Digital Banking at Grasshopper

Anyone interested in learning more about Grasshopper’s digital platform and Accelerator Checking products can learn more here, and stay tuned for more exciting announcements from this partnership.

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