Grasshopper Bank has launched a treasury management offering, Grasshopper Treasury, to ensure its small business clients have access to modern treasury needs. 

“Fast-growing companies need treasury solutions that are flexible, accessible and built around the way they actually manage cash,” Rob Burnett, director of startup banking at Grasshopper, said in a June 9 release.  

Grasshopper Treasury was developed with fintech Waldo, an investment adviser that offers AI-driven treasury solutions, according to the release.  

With Waldo, the digital bank’s treasury offering is “giving clients a smarter way to put idle cash to work while maintaining liquidity and control they need to run and grow their businesses,” Burnett said in the release. 

Grasshopper Treasury offers: 

• Yields of up to 5%; 

• Same-day withdrawals; and 

• AI-driven insights. 

AI-driven insights, for one, are supported by Waldo’s AI adviser, which can access a company’s holdings, portfolio allocations, risk profile, liquidity needs and cash management policies, Jeff Myers, co-founder of Waldo, told FinAi News.  

“This allows it to provide personalized treasury guidance and proactive recommendations,” he said. 

AI treasury management

James Delbridge, head of commercial banking and treasury at Deloitte, told FinAi News that treasury management is one of the best use cases for AI because the process is: 

• Repeatable; 

• Easy to measure; and  

• Already used by existing clients. 

“AI is what allows us to bring treasury management capabilities that were traditionally reserved for large enterprises with dedicated treasury teams to businesses of any size,” Waldo’s Myers said. 

Grasshopper, which has $1.6 billion in total assets, is deploying Grasshopper Treasury on a rolling basis, after an introductory consultation and client eligibility verification, according to the bank’s release. 

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