Griffin raises £11m in a Series A round led by MassMutual Ventures to support commercial activities.
MassMutual Ventures led the Series A round to support go-to-market activities and infrastructure development.
Griffin is a full-stack Banking as a Service platform that provides automated compliance technology and integrated ledgers for technology-driven firms. It operates as an API-first UK bank following regulatory approval to exit mobilisation.
Griffin has secured £11m in a Series A funding round led by MassMutual Ventures. Existing backers Seedcamp, Notion Capital, and EQT Ventures also participated in the financing. The newly licensed UK bank will allocate the capital towards commercial go-to-market activities and enhancing its core banking infrastructure as it prepares to exit mobilisation.
From the founder
"This funding round not only validates our mission and strategy but also equips us with the resources to continue to deliver our innovative banking solutions to more customers."
David Jarvis
CEO at Griffin
Investor perspective
"Griffin’s licence and BaaS platform represent unique capabilities in the UK market and enable it to become a pillar for the fintech ecosystem. Its comprehensive product suite is tailored to serve fintechs, payment services providers and brands looking to embed finance offerings."
Ryan Collins
Managing Partner, MassMutual Ventures
Use of funds
- 01Accelerate go-to-market
- 02Build out infrastructure
