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Case Study: Why Hanover Park Chose Meow to Modernize Fund Banking

Written by

Meow Technologies, Inc.

Published on

Thursday, May 8, 2025

Case Study: Why Hanover Park Chose Meow to Modernize Fund Banking

Company Overview

Hanover Park is an AI-native fund administrator specializing in venture capital with over $1.5 billion in assets under administration today.

Founded and led by Chris Hladczuk, the firm combines a modern technology stack with maniacally responsive white-glove service to help funds operate with confidence and clarity.

“Banking* and treasury services are a big point of friction in fund administration. Meow gives Hanover Park an advantage by enabling seamlessly speedy account openings, APY on operating funds, and an easy multi-entity experience."

— Chris Hladczuk, CEO, Hanover Park

* Meow is a financial technology company, not a bank. The banking services described in this case study are provided by Grasshopper Bank N.A.; Member FDIC. FDIC's deposit insurance coverage only protects against the failure of an FDIC-insured bank.


The Problem

Q: Why did Hanover Park seek a new banking partner for its clients?

A:

Every client has different needs. But for most firms, opening accounts for fund customers is a nightmare. It can take days, weeks, or months.We kept seeing the same problem across funds: disjointed financial systems, no visibility into cash across multiple entities, and a shocking lack of yield on operating cash.

Most funds were still using institutions that were fine for checking a balance, but not built to support the complexity of modern fund operations, especially across multiple entities.

Worse, they were earning close to 0% on their operating accounts. That didn’t sit right with us.

The Partnership

Q: What made Meow the right partner for Hanover Park?

A:

For managers, Meow checked many boxes – the ability to easily add new fund entities, multi-entity support, true 24/7/365 visibility into fund cash positions, native APY on operating funds**, and enhanced FDIC insurance coverage through insured cash sweeps.

And the service matched the product. We get direct lines of communication to the Meow team, and ability to integrate custom APIs to help streamline onboarding and money movement. And we have a shared commitment to making this feel like the best experience for our clients.

*Meow is a financial technology company, not a bank. The banking services described in this case study are provided by Grasshopper Bank, N.A.; Member FDIC. The FDIC's deposit insurance coverage only protects against the failure of an FDIC-insured bank.
The interest rate and annual percentage yield may change at any time and without prior notice. Interest rates and yields are effective as per the date on the applicable rate sheet. See applicable terms and restrictions and refer to the applicable rate sheet for additional information. Meow Technologies is a financial technology company, not an FDIC-insured depository institution, bank or credit union, and your account at Meow is not, itself, an FDIC-insured product.


The Outcome

Q: What’s the bottom-line impact of the partnership with Meow?

A:

Funds on Meow are earning yield passively which boosts their IRR, getting better customer service than they’ve ever had, and spending less time dealing with back-office headaches.

This partnership makes our clients stronger, and that’s our goal.

“Our funds now have the ability to enable banking infrastructure that matches their ambition. Meow gave us an edge—modern workflows, real-time visibility, and white-glove service across every entity.”

— Chris Hladczuk, CEO, Hanover Park

Highlights

  • Hanover Park partners with Meow to provide a next-generation financial experience for funds
  • Access multi-million-dollar FDIC insurance at participating IntraFi network banks.**
  • Multi-entity dashboards with granular access and approvals
  • Seamless onboarding and support, directly integrated with Hanover Park’s workflows
  • White-glove support and shared Slack channels with Meow for real-time resolution

Disclaimers

** Rates are subject to rate sheets at Meow.com/rate-sheets. Deposit placement through ICS is subject to the terms, conditions, and disclosures in the applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor's balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and IntraFi Cash Service is a service mark of IntraFi Network LLC.
Meow Technologies is a financial technology company, not a bank or FDIC-insured depository institution. Likewise, Meow Technologies is not an investment adviser and none of the information presented herein should be relied upon as financial advice or a recommendation to make any financial decision nor should it be considered to be tax or legal advice. The information is the opinion of Meow Technologies for educational purposes and may not be suitable for all companies. Products, like the one described herein, are offered through Meow Technologies and are not advisory services which are only offered through Meow Advisory, LLC.** The FDIC’s deposit insurance coverage only protects against the failure of an FDIC-insured bank.**

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