Estancia Capital Partners led the financing round to support the growth of the UK cash savings platform.
"We selected Estancia based on the strength of their team’s experience in supporting ambitious businesses to transform the shape of the cash management market in the US. At a time when funding capacity is down on a global scale, Estancia’s investment and market expertise provides us with the firepower necessary to really capitalise on the opportunities ahead of us, whether those be through organic growth, partnership and acquisitions, and prompt further consolidation of our market leadership position."
The funding follows regulatory approval for the Banking as a Service platform to exit mobilisation.
"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"
The pre seed round was backed by investors including Oliver Bridgen and Jordan Hallows to prepare the technology for public beta testing.
"We are thrilled for the support from our investors who believe in our mission to safeguard mobile data. This investment is not just a financial boost, but a propelling force that will catapult us towards expanding our partner base as we gear up to launch our dynamic partner portal."
The funding round was led by Unusual Ventures with backing from Fidelity International Strategic Ventures and Clocktower Ventures.
"We live in the age of data overflow- everything from geopolitics to financial filings, to social media and news. It’s often overwhelming and easy to get lost in the noise. But good investment decisions require clarity, and that is where AI can play an unrivalled role – by lifting us from the valley to the mountain top, so we can choose the paths we want to take by seeing where every path leads and how they connect."
The risk management firm has raised £250k to scale its operations into the Middle East and Dubai.
"We are thrilled to have secured this funding, which will enable us to accelerate our growth and strengthen our position as a leader in risk management services. This investment underscores the confidence in our vision and capabilities, and we are excited about the prospects for expansion in the Middle East and Dubai."
