5 years ago
Griffin Secures £6.5M to Build Banking-as-a-Service Platform
London-based fintech startup Griffin has raised £6.5 million in funding to build its Banking-as-a-Service platform, aiming to become the banking partner of choice for fintechs and established brands.
ProblemFinancial Services
"Launching new financial products and services is a complex and time-consuming process, requiring companies to stitch together ad-hoc solutions for banking, compliance, and ledger management. This makes it difficult and expensive for companies to bring new financial products to market."
Solution
"Griffin provides a one-stop-shop platform for companies seeking to launch new financial products and services. Its API-first bank offers ring-fenced accounts for customer funds, integrated compliance engine, and ledger, reducing the need for ad-hoc solutions and streamlining the process. This allows companies to self-serve and start integrating immediately, reducing their go-to-market time from months to weeks."
