Grasshopper Bank

Grasshopper Bank is a verified, FDIC-insured digital commercial bank with over $860M in assets and $32M in annual revenue (2024), recently agreeing to a ~$369M acquisition by Enova. While the project demonstrates high real-world utility and significant traction in the SMB/startup fintech sector, the submission itself was of extremely poor quality. The submitter made demonstrably false claims (e.g., reach is 'everyone', 'most people have used my product') and provided vague technical details ('Banking'). Consequently, while the base scores reflect the bank's verified success, heavy quality penalties were applied to the Reach, Innovation, and Traction metrics to account for the unreliable and lazy submission data.