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Company facts

An up to date fact sheet covering Griffin's products, services, technology and history.

Last updated: 2025-08-06

Overview

Basic details

Why was Griffin founded? To help companies embed financial products at the point of greatest relevance‍—‌and to enable this at scale and with ease.

Official name: Griffin Other names: Griffin Bank

Website: https://griffin.com/

Previous domains: https://griffin.sh/

Regulatory status: UK bank. Griffin is authorised by the Prudential Regulation Authority (PRA) and regulated by the PRA and the Financial Conduct Authority (FCA). Griffin's firm reference number is 970920.

Industry: Banking, Payments, Fintech, Software, Banking as a service, Embedded finance, Developer tools

Headquarters: London, United Kingdom

Link to FCA register: https://register.fca.org.uk/s/firm?id=0014G00002uxwpEQAQ

Link to Companies House: https://find-and-update.company-information.service.gov.uk/company/10842931

Leadership

CEO & co-founder: David Jarvis (ex Airbnb)

CTO & co-founder: Allen Rohner (Founded CircleCI)

Banking license journey

  • License journey: applied May 2022, entered mobilisation in March 2023, full license granted March 2024
  • Current UK banking license status: Fully authorised as a UK bank

Programs

  • Foundations: Early access program launched December 2023, closed September 2024 and moved to general availability
  • Current status: general availability

Investors

  • Venture capital (VC): Notion Capital, EQT Ventures, MassMutual Ventures, NordicNinja, Breega, Seedcamp, Tribe Capital
  • Notable angels: Paul Forster (Indeed co-founder), Matt Robinson (GoCardless/Nested co-founder), Shane Happach (Coda Payments CEO), Phil McGriskin (Vitesse PSP Founder/CEO)
  • Investment stage: Series A
  • Funding History: raised c. $65m

Products

Basic business bank accounts

  • Product page: https://griffin.com/products/griffin-accounts
  • Purpose: business bank accounts for operational funds.
  • Unique selling points:
    • API access for scalable and programmable operations
    • Competitive interest on instant access funds
  • Ideal customer profile: fintechs, venture-backed companies

Safeguarding accounts

  • Product page: https://griffin.com/products/safeguarding
  • Purpose: accounts to ringfence customer money in compliance with safeguarding regulations. Available as dedicated accounts (one for each customer) or pooled (a single account for many customers).
  • Unique selling points:
    • Dedicated customer accounts with unique account numbers (actual bank accounts, not virtual accounts)
    • Flexible pricing tiers
  • Ideal customer profiles: companies regulated as electronic money institutions (EMIs) or authorised payment institutions (APIs)

Client money accounts

  • Product page: https://griffin.com/products/client-money
  • Purpose: accounts for companies that need to handle client money in compliance with CMP, CASS or SRA regulations
  • Unique selling points:
    • Dedicated customer accounts with unique account numbers (actual bank accounts, not virtual accounts)
    • Flexible pricing tiers
  • Ideal customer profiles: property platforms (CMP and CASS); wealth platforms (CASS); solicitor platforms (SRA)

Embedded savings accounts

  • Product page: https://griffin.com/products/savings-accounts
  • Purpose: savings accounts for brands to embed into their own product and offer to their customers in the user experience they want
  • Unique selling points:
    • Unique account numbers
    • FSCS protection
    • Highly competitive interest rates
    • Integrated KYC/KYB compliance (for unregulated companies)
  • Ideal customer profiles: companies wanting to make their product stickier with savings; pension providers looking to add a savings product to their portfolio; wealth companies wanting to add savings to their portfolio; payroll companies wanting to offer payroll savings to employees

Embedded bank accounts

  • Product page: https://griffin.com/products/embedded-bank-accounts
  • Purpose: all-purpose bank accounts that can be embedded into a product or service to offer new banking features and or streamline back office operations
  • Unique selling points:
    • FSCS protection (unlike virtual accounts)
    • Highly flexible for new banking features or operational improvements
    • Integrated KYC/KYB compliance (ideal for unregulated companies)
  • Ideal customer profiles: lenders wanting to streamline disbursement and recollections; credit card providers; B2C fintechs and platforms; payroll providers

Verify

  • Product page: https://griffin.com/products/verify
  • Purpose: automated customer onboarding (KYC, KYB and AML) with the full suite of checks such as PEPs, sanctions, fraud and identity verification.
  • Unique selling points:
    • One API integration for a full suite of KYC/KYB and AML checks with full UX flexibility
    • Fully aligned with Griffin's banking products making it easy to add accounts and payments
    • Manual reviews and monitoring included to avoid operational overhead
  • Ideal customer profiles: unregulated companies that want a flexible but robust onboarding product to complement their financial product; fintechs wanting a full onboarding solution

Payments

  • Product page: https://griffin.com/products/payments
  • Available payment rails:
    • UK domestic payments via Faster Payments Service (FPS)
    • CHAPS inbound payments
    • Instant book transfers between Griffin accounts
  • Coming soon:
    • Bacs
    • CHAPS outbound
    • Direct Debit coming soon

Future product roadmap

Available at https://updates.griffin.com/board.

Customers and market

Target market

  • Sectors: Fintech, Proptech, Wealthtech, Lending, Payroll, Insurance, SaaS
  • Size: Startup, Scale Ups, Enterprise
  • Geography: UK-based companies or companies entering the UK

Notable customers

  • Yonder
  • TransferGo
  • VertoFX
  • Prosper
  • WealthKernel
  • Income Group
  • Calmony
  • Haboo
  • LettsPay
  • Marygold & Co.

Technology and API

Unique value proposition

  • Versus other banks:
    • Product: optional managed compliance model; a wider range of payment accounts; FSCS protected bank accounts; and fully powered bank accounts instead of virtual IBANs
    • Speed: 8 week onboarding timeline; flexible and transparent pricing; free sandbox for integration and testing
  • Versus non banks:
    • Product: fully powered bank accounts instead of virtual IBANs; FSCS protected bank accounts
    • Revenue: Griffin pays interest‍—‌unlike non-bank PSPs under the Electronic Money or Payment Services Regulations

Key resources and contact information