Pocketbook and Grasshopper Partner on Commercial Checking Accounts

Posted under: SMB
Date: 2024-03-06
Pocketbook and Grasshopper Partner on Commercial Checking Accounts

Pocketbook has partnered with Grasshopper to offer white-labeled, FDIC-insured commercial checking accounts to its small- to medium-sized business (SMB) customers. Treasury Prime facilitated the rollout of the products. Pocketbook's white-label embedded financial solution provides payments, banking, and business tools to SMBs. To provide secure access to commercial checking accounts, Pocketbook partnered with Grasshopper, a digital bank built for the business and innovation economies. Treasury Prime, a provider of an embedded banking software platform, will work with Pocketbook to manage operations and money movement via an API integration. The partnership aims to offer clients digital products to enhance their banking capabilities, including business payments. Pocketbook and Bond will assist SMBs in digital wallet deployment, while Grasshopper and Cable will provide automation and financial crime assurance technology.

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