Sidekick Money has partnered with Griffin to upgrade their customer wallets, bringing FSCS protection and competitive interest rates to its thousands of users. Sidekick's customer wallets have been upgraded to Griffin’s embedded bank accounts with new benefits including up to £120,000 in FSCS protection for eligible deposits and 1% AER (variable) interest on funds held in the wallet.

Why Sidekick chose Griffin

Sidekick needed banking infrastructure that improves their customer experience and streamlines their own operations. They also wanted to be able to go live with the upgrade very quickly.

While their previous wallet setup worked, it didn't offer FSCS protection, didn't pay interest, and created reconciliation complexity behind the scenes. Griffin's embedded bank accounts solved these problems. Customers get better protection and returns on their money. Sidekick gets simpler operations and a foundation to build in more banking products in future.

"Griffin represents the infrastructure layer that will enable the next generation of financial services in any industry," - Matt Ford, Co-founder & CEO at Sidekick Money.

"They've built banking in a way that it can scale for both existing companies, new entrants and new industries. We went from signing our contract to going live in 8 weeks, which speaks to both the quality of their infrastructure and expertise of the team."

What's changing for Sidekick customers

The wallet is a cash holding account where Sidekick’s customers first move money before deciding how to invest or save it. The upgrade brings three immediate benefits:

FSCS protection up to £120,000. Eligible customer deposits are now protected by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.

Interest on wallet funds. Customers now earn 1% AER (variable) on their wallet balance, even while they're deciding where to invest or save. The rate tracks the Bank of England base rate.

Faster deposits and withdrawals. The migration to Griffin's infrastructure means quicker payment processing and a smoother customer experience.

What this partnership enables

The wallet is just the beginning. Griffin's infrastructure gives Sidekick the foundation to expand their banking products as their customers' needs evolve.

Sidekick will also be adding Griffin's savings accounts to their app, giving their customers more ways to manage and grow their money. Because Griffin's products work through a single API, Sidekick can launch new banking features quickly and easily.

The operational benefits matter too. Griffin's infrastructure helps Sidekick simplify reconciliation, reduce overhead, and focus on building products their customers want rather than managing banking complexity.

Banking infrastructure that moves as fast as you do

Sidekick went from signing their contract to going live in 8 weeks. This is what we built Griffin to do: provide the regulated banking infrastructure that lets fintechs launch and scale quickly without cutting corners on compliance.

If you're building financial products and need banking infrastructure that doesn't force you to choose between speed and doing things properly, let's talk.

Contact sales or start building in our free sandbox.

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