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WealthKernel taps Griffin to expand its product portfolio with savings accounts

This partnership will enable WealthKernel's customers take a more holistic approach to their financial health‍—‌whether it is building savings or investing for the future.

Portrait of Nkechinyere Ogueri-Onyeukwu
Nkechinyere Ogueri-OnyeukwuWednesday 4 December 2024

WealthKernel, a leading digital investment infrastructure provider, has partnered with Griffin, the UK’s leading bank for fintechs. This partnership enables WealthKernel to embed and offer savings accounts to fintechs and wealth managers via its API.

Committed to transforming wealth management with API-first investment infrastructure, WealthKernel is partnering with Griffin to add savings accounts to its product portfolio to further enrich its suite of wealth and investment offerings. Customers will benefit from a cohesive experience, with the ability to earn interest on funds they may not yet wish to commit to longer-term investments, enabling them to manage liquidity and growth as their financial needs evolve. This partnership will empower more fintechs and wealth managers to better serve a wide range of wealth-building goals and timelines.

Commenting on the partnership, David Jarvis, co-founder and CEO of Griffin, said: “We’ve been fans of WealthKernel for a very, very long time‍—‌and have been seeking ways to collaborate together for some time. I’m thrilled that we’re finally able to work together. Our partnership with WealthKernel will unlock the opportunity for many other fintechs to expand their offerings and quickly bring savings products to market. By leveraging our platform to integrate savings accounts directly into its digital investing infrastructure, WealthKernel is empowering businesses to provide a key wealth-building product for their customers.”

Karan Shanmugarajah, CEO of WealthKernel, added: “This is an important step in expanding our API infrastructure to meet the diverse needs of fintechs and wealth managers. By adding savings accounts, we’re not only enhancing the breadth of financial services that our clients can offer but also enabling their customers to take a more holistic approach to their financial health‍—‌whether they’re focused on building savings or investing for the future. This collaboration underscores our commitment to creating better businesses with our API-first infrastructure and developing solutions that empower businesses and elevate the customer experience.”

About Griffin

Griffin puts the bank in Banking as a Service. We combine the secure, regulated infrastructure of a bank with the speed and power of modern software into one powerful full-stack BaaS platform. We aim to empower companies to embed banking into their products quickly and safely. With purpose-built APIs and an all-access developer sandbox, we’re helping our customers build and launch payment platforms, financial wellness apps, client account products, business loans, and more.

Griffin is regulated by the PRA and the FCA. Griffin’s Firm Reference Number (FRN) is 970920.

Learn more: https://griffin.com | Inquiries: press@griffin.com

About WealthKernel

Founded in 2015, WealthKernel is a supplier of investment infrastructure for companies looking to offer digital investment services, whether as stand-alone or in addition to their present offering.

WealthKernel is vertically integrated and offers investing functionality over API, such as client onboarding, brokerage, trading, and custody. Its infrastructure is optimised for the delivery of investment and wealth-management services to everybody, not just “higher value” and HNW retail investors typically serviced by incumbents.

WealthKernel is authorised and regulated by the Financial Conduct Authority.

Learn more: https://www.wealthkernel.com/ | Inquiries: press@wealthkernel.com