Griffin, a London, UK-based Banking-as-a-Service provider, raised £6.5m in funding.
The round was led by EQT Ventures with participation from Seedcamp, Tribe Capital, Paul Forster (co-founder Indeed.com), Matt Robinson (co-founder Go-Cardless/Nested), and Carlos Gonzalez-Cadenas (COO GoCardless).
The company will use the funds to further product development, hire more people and continue the bank authorisation process with the PRA and FCA.
Founded in 2017 by David Jarvis (CEO) and Allen Rohner (CTO), Griffin is building an API-first bank to lower the barrier to entry when it comes to launching new financial products and services for new fintech players and established brands.
Griffin was discovered by EQT Ventures’ proprietary AI platform, Motherbrain. Built to discover new startups, Motherbrain has enabled EQT Ventures to take a data-driven approach to investing. To date, Motherbrain has driven more than $100 million in portfolio company investments as Griffin is the ninth company to be sourced by this AI platform.