Company: Griffin Bank
Founder: David Jarvis (CoFounder and CEO)
Website: https://griffin.com/
About Griffin Bank
Founded in 2017, Griffin (Griffin Bank Ltd) is an API-first UK bank and full-stack Banking as a Service (BaaS) platform focused on serving UK fintechs. Griffin was created to address the gap in the market for a bank that prioritises efficient infrastructure and seamless integration into business operations, making it easier for companies to build and offer financial products. The company is committed to simplifying the complexities of banking by offering tailored solutions that meet the specific needs of fintechs and other financial services companies.
Griffin’s co-founders, David, CEO, and Allen, CTO, bring deep technical expertise to the company. They first worked together at CircleCI and have since identified a significant opportunity for improving how businesses manage payments. David, having worked on the core banking system at an API banking startup, saw first-hand the challenges businesses face with traditional banks. Griffin was founded to solve these issues by creating a bank that embeds itself within business operations, providing a more accessible and efficient infrastructure.
Griffin’s platform allows businesses to create innovative and contextual financial products that are deeply integrated with their customers’ needs. By simplifying banking processes, Griffin helps businesses deliver more value to their customers, such as offering interest-generating accounts within their applications. This opens up new revenue streams while ensuring that customers receive a fairer deal, such as passing along more interest on deposits.
Griffin operates as a fully licensed bank, with a banking licence granted by the Prudential Regulation Authority (PRA) in 2023. Over the past year, Griffin has been working closely with fintechs to validate its products and scale its operations. The company does not offer traditional accounts directly to consumers; instead, it enables businesses to embed banking services into their own platforms, making these services available at the most relevant points in the customer journey.
Griffin’s goal is to help fintechs and other financial services companies create value for their customers by building scalable, compliant, and integrated financial products. Through its early-access programme, Foundations, Griffin invites UK businesses looking to offer financial services to work directly with its team. This programme allows companies to collaborate with Griffin, shaping the future of its product offerings while helping them bring innovative financial products to market.
Griffin continues to evolve as a bank and a platform, with plans to expand its partnerships and help more businesses unlock the potential of embedded financial services. By offering a seamless, API-driven banking infrastructure, Griffin aims to redefine how businesses approach financial product development, enabling them to focus on growth and innovation.
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