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Griffin announces move to general availability, opens up BaaS platform to UK fintechs

The UK's leading bank for fintechs closes its early access programme, Foundations.

Portrait of Nkechinyere Ogueri-Onyeukwu
Nkechinyere Ogueri-OnyeukwuTuesday 10 September 2024

Griffin, the UK’s leading bank for fintechs, today announced it is opening its platform up to UK fintechs as it concludes its early access programme, Foundations. As a licensed UK bank and Banking-as-a-Service (BaaS) provider, Griffin enables companies to seamlessly embed banking products like payments, savings, safeguarding and client money accounts, and unlock more revenue opportunities across their value chain.

Foundations launched in December 2023 and saw scale-ups and start-ups like Certua and Marygold & Co. work closely with the bank in refining key features and capabilities. Griffin’s product suite now spans use cases in the wealth, lending, insurance, proptech and payroll sectors.

Griffin invites mission-driven technology businesses who want to embed banking or payments solutions within their customer journey, diversify their revenue streams, or streamline their operations to register their interest. Companies can already sign up to a free, all-access sandbox to start testing Griffin’s products immediately.

David Jarvis, co-founder and CEO of Griffin, said: “Over the last few months we’ve been fortunate to work with a number of innovative companies in helping them to realise the future of finance. I’m delighted to say that we’re now in a position to open Griffin’s platform to anyone who has a vision for using finance to improve the lives of their customers and is looking for a bank to help them achieve that vision.”

Griffin’s banking products are helping businesses in the insurance sector like Certua to simplify operational complexities. The bank is also enabling companies like Income Group to offer entirely new products to their customers alongside other complementary offerings. Griffin also recently partnered with Sync Savings, a startup focused on delivering savings products across a wide range of markets including lending, payroll, and wealth management.

Matthew Parden, CEO UK at Marygold & Co. commented: “Griffin’s products have provided a unique opportunity for Marygold to launch a savings and financial management app that recognises the complexities of human behaviour and emotional intelligence. The team has built a superior banking product that takes into account the entire customer journey and the intricacies of compliance.”

Looking ahead, Griffin is committed to delivering a best-in-class experience for fintechs looking for a banking partner. The bank is focused on adding better support for a wider range of underlying customer types, verticals, and deeper domestic payment integrations.

Griffin recently earned the B Corp certification, demonstrating its dedication to sustainability and ethical business practices. Earlier this year, Griffin announced a $24 million funding round and became a fully operational UK bank following a successful mobilisation period.