[Funding alert] London-based Griffin Raises €21.9 Million in Funding

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John Weguelin, Board Chair of Griffin said, “This pivotal moment is only possible because of the support of our investors, the guidance from our regulators and the commitment of our people. A big thank you to all our existing investors and a warm welcome to all our new investors. We look forward to working with all our investors in this exciting new chapter for Griffin,”.

David Jarvis, CEO of Griffin said, “This announcement is a culmination of years of hard work by the incredible team at Griffin. I’m particularly grateful to our pilot customers for placing their trust in us, and look forward to helping them continue to scale innovative products at the intersection of technology and finance,”.

For tech-driven businesses wishing to provide banking, payment, and wealth solutions to their clientele, Griffin provides a full-stack platform. Griffin's integrated ledger and automated compliance technologies let its clients maintain high customer standards while streamlining their financial operations.

Dan Shellard, Partner at Breega said, “Griffin is exactly the sort of founder-led business that we look to back, The hard work the team has done over the last several years in building their own core banking platform and securing a UK bank licence has them incredibly well positioned to power this generation of innovative financial products – and the next.”

Jesse Saarela, Principal at NordicNinja also added: “The team’s commitment to helping their customers as well as everyone impacted by their business is very unique, and I am looking forward to working with them further.”

It is prepared for rapid expansion and is dedicated to properly growing when pilot consumers begin using the service. Additionally, the bank will accept new clients through Foundations, its early access program.

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It will collaborate closely with Foundations members to help them improve their services by integrating contextual finance into their customer experience in a seamless manner.

Ryan Collins, Managing Partner at MassMutual Ventures said, “Our continued support for Griffin is a testament to its extraordinary progress to date, As the UK’s first full-stack BaaS platform with a banking licence, Griffin is the partner of choice for fintechs and brands to build innovative financial products with a seamless client experience.”

About Griffin

Griffin, which was established in 2017, has reaffirmed its dedication to creating a significant, long-lasting company and to integrating sustainable business principles into all aspects of operations.

As soon as it opened, the bank made a significant investment in a strong financial control system, strong governance, and an ethical culture. It is currently actively attempting to minimize its environmental impact and lower its carbon footprint as a member of Tech Zero.