Griffin, a London, UK-based full-stack Banking as a Service (BaaS) platform, raised $24m (£19m) in funding.
The round was led by MassMutual Ventures, NordicNinja and Breega, with participation from existing investors Notion Capital and EQT Ventures.
The company intends to use the funds to scale the bank and enhance infrastructure for new and existing customers.
Founded by David Jarvis and Allen Rohner, Griffin is an API-first UK bank and full-stack Banking as a Service platform for technology-driven firms looking to offer banking, payments, and wealth solutions to their customers. Its automated compliance technology and integrated ledger enable its customers to streamline their financial operations while continuing to deliver high-quality service to their customers. The company has just received approval from the UK’s financial services regulators, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), to lift restrictions.
FinSMEs
11/03/2024