Search Results for "Sydecar"
2 results for "Sydecar"
Deals 2
Enova to Acquire Sponsor Bank Grasshopper for $369 Million
Enova International announced a definitive agreement to acquire Grasshopper Bancorp, a BaaS sponsor bank, for approximately $369 million in cash and stock. Grasshopper supports fintechs like Pocketbook, Manifest, and Sydecar through API-driven banking platforms. The deal creates a vertically integrated fintech-bank hybrid combining Enova's online lending with Grasshopper's digital banking and deposit base.
Treasury Prime, Sydecar, and Grasshopper Bank Launch Embedded BaaS Partnership
Treasury Prime partnered with Sydecar and Grasshopper Bank to provide embedded banking-as-a-service with white-label options. The platform processed $131.9 million in transactions by late 2023. The collaboration demonstrates the growing scale of BaaS middleware connecting fintechs with bank partners.