2 years ago

Griffin Raises $13.5 Million in Series A Funding Led by MassMutual Ventures

  • Griffin, a London-based provider of a full-stack Banking as a Service platform, has secured $13 million in Series A funding

  • The round was led by MassMutual Ventures, with participation from existing investors Seedcamp, Notion Capital and EQT Ventures

  • Griffin provides a SaaS based Banking as a Service platform supported by a UK banking licence, enabling fintechs and innovative brands to embed finance

  • The company intends to use the funds to conduct go-to-market activities and enhance its core banking infrastructure.

      • ProblemFinancial Services

      "Fintechs and innovative brands struggle to embed financial services into their existing platforms due to complex regulations, limited access to banking infrastructure, and expensive development costs."

      Solution

      "Griffin provides a full-stack Banking as a Service platform with a UK banking license, offering embedded finance capabilities like bank accounts, payment processing, cards, a ledger, and automated compliance technology through an API-first approach, empowering businesses to easily integrate financial services into their platforms."

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