Fintech Startup Griffin Banks €15M For Its Baas Platform

July 07, 2022 | 2 minutes read

London-based fintech startup Griffin lands €15M for its self service BaaS platform.

Fintech Griffin which is a Banking-as-a-Service startup has announced funding of €15 million.  In a round led by Notion Capital, also including existing investor EQT Ventures as well as fintech angels such as William Hockey, co-founder Plaid and founder and co-CEO of Column, Nilan Peiris, VP of Growth at Wise, ex CCO Worldpay, CEO of Mollie, CEO at Liberis and Shane Happach.

David Jarvis, Griffin CEO and Co-founder on this funding said:

With this injection of funding, we can continue to innovate, scale our business, and focus on building the best banking platform possible.”

Founded in 2017, by Silicon Valley engineers Allen Rohner ,David Jarvis and a team of banking and technology executives from the Bank of England. The startup’s motive is to become a  bank on which fintechs can build on. The company is constructing a full-stack integrated BaaS platform, fueled by modern user-friendly technology.

The idea behind is to make the inculcation of financial products simple for fintech organizations. Enabling them to dedicate  their time in building products for their customers, instead of managing complicated back-end infrastructure and compliance operations.

Fintech  startups around the globe are fetching huge amounts of funding and this industry is  projected to reach $310 billion by the end of this year. This is one of the main reasons why the investors are opening their wallets for fintech startups. Such as kevin, Zwaya, Flowdesk, Nosso, Flapkapp, and mmob.

Griffin since its last funding round has tripled in size and has started commercializing its platform. This fresh injection of funds will help the startup grow the leadership and operational teams. It’s vision is to become a stable, long term banking partner for innovative fintechs who often deal with time taking and costly on boarding processes.