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We Are Challenger

Our mission is to challenge the banking industry to be better.
We partner with employers to create amazing banking
products that empower their employees.

Our Story

We started Challenger because we were fed up with the primary banking options available to most Americans. The banking model today hinges on predatory fees such as maintenance fees, minimum balance fees, and overdraft fees. Bank fees are often charged to people who are least able to afford them.

We believe there's a better way to bank. We came up with a banking model that not only saves users from painful fees, but also provides users a platform for personal financial growth. The traditional banking system has taken advantage of Americans for far too long. Challenger is here to change that through fair and honest banking to help our account holders build positive habits with their money.

Join our team➝

Our Founding Team

Nate Gruendemann
CEO & Cofounder
David Kircos
CTO & Cofounder
Gabe Rapoport
COO & Cofounder
Brennie Pellegrini
Head of Growth
RitaBeth Crague
Head of Compliance

Backed By Great Investors

Outbound Capital

Pledge 1%
Equity, Time, Product


We believe that every person has the same potential to improve society through innovative businesses, so we pledge 1% of our seed stage company equity to support diverse founders in entrepreneurship.


We make room for our employees to spend 1% of their time volunteering however they choose.


We make our product available to employees of non-profits for free, helping those who help others.

Want to join our team?

We are flattered! Check out our openings.