Company: Griffin
Founders: David Jarvis, Allen Rohner
Website: https://griffin.com
About Griffin
Griffin Bank, an ambitious Banking as a Service startup, had a transformative year in the London fintech sector. Griffin is the fintech for fintech, providing founders with the right tools with an API-first approach to keep costs down and enable a new wave of fintech innovation. Headquartered in London and founded in June 2017, Griffin has disrupted the BaaS industry with fast-paced development and a culture to be proud of.
Disrupting the Onboarding Market:
In September 2022, Griffin launched their first Compliance as a Service offering with Verify, an all in one Know your Customer/Bank (KYC/B) verification tool. Integrating seamlessly through an API, Verify is simple to implement and brings advanced KYC/B automation to all fintechs.
Innovative fintechs have grown frustrated with traditional verification systems; Griffin’s offering changes the game. Using Verify, regulated fintechs turn their onboarding process smart with:
Customisable check workflows
Decision logic for automatic accept and decline results
Audit trails with visibility over every check result and decision justification
Pre-integration with a wide network of regtech data sources and providers, including Companies House, Equifax, Dow Jones, Seon and Veridas.
Single API integration with documentation for implementation
Support from Griffin’s team of compliance experts
Impressive Funding Partners
In July 2022, Griffin announced a £12.5 million funding round to enable their vision of revolutionising how fintechs build their infrastructure. The round was red by Notion Capital – the fund released an interesting post on the investment here (https://www.notion.vc/resources/building-a-full-stack-bank-for-innovators-why-we-invested-in-griffin) – and included existing investor EQT Ventures, William Hockey (Co-Founder of Plaid), Nilan Peiris (VP of Growth at Wise) and more.
