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Griffin

API-first BaaS for payments and onboarding

Overview

Griffin is a UK-based Banking as a Service (BaaS) platform that provides an API-first set of financial services to other businesses. It enables embedded finance by offering payments, customer onboarding, and full banking infrastructure through APIs, so partners can build and launch their own financial products without managing regulatory or technical complexities. Griffin differentiates itself by holding a UK banking license, which allows it to hold customer funds and run regulated financial activities, positioning it as a regulated intermediary that handles compliance and technology for its clients. The company’s goal is to enable fintechs and other businesses to embed regulated financial services into their products, expanding the market for programmable, scalable financial solutions.

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About Griffin

Simplify's Rating
Why Griffin is rated
B+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Enterprise SoftwareFintechFinancial Services

Company Size

51-200

Company Stage

Series B

Total Funding

$90.1M

Headquarters

London, United Kingdom

Founded

2017

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What believers are saying

  • October 2026 CFO David Jenkins strengthens treasury, liquidity, and capital discipline.
  • July 2026 Countingup and MoneySuperMarket launched business banking on Griffin infrastructure.
  • Griffin says recurring revenue grew 3.2x year-on-year through September 2026.

What critics are saying

  • UK BaaS compliance failures trigger FCA/PRA restrictions, freezing onboarding and payment flows.
  • Stablecoin expansion exposes Griffin to 2026 UK and EU regulatory uncertainty around reserves.
  • Partner concentration around Uber and Countingup makes churn a direct revenue hit.

What makes Griffin unique

  • Griffin combines FCA/PRA bank licensing with API-first embedded finance, unlike pure software BaaS vendors.
  • More than 80 companies build on Griffin; Uber, Yonder, and Countingup validate distribution.
  • November 2026 Series B funds cards and stablecoins, widening Griffin’s product stack beyond accounts.

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Funding

Total Funding

$90.1M

Below

Industry Average

Funded Over

9 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
$45M
$65M
$100M

Benefits

  • Health Insurance
  • Life Insurance
  • Wellness Program
  • Parental Leave
  • Remote Work Options
  • Paid Vacation

Growth & Insights and Company News

6 month growth

1%

1 year growth

2%

2 year growth

0%
Cointime
Nov 12th, 2026
UK bank Griffin raises $20M Series B at $100M+ valuation to expand cards and stablecoins

UK bank Griffin has raised $20 million in a Series B round led by Octagon Partners, valuing the company at more than $100 million. Existing investors Notion Capital, A+ Ventures, Nordic Ninja, and Breega also took part. Griffin will use the funds to expand card issuance and stablecoin-related services. The bank raised $24 million in March 2024 in a round led by MassMutual Ventures, Nordic Ninja, and Breega. It also obtained a full banking licence at that time. Griffin offers bank accounts and the Uber Pro Card to Uber drivers and couriers in the UK. It serves more than 80 platform clients and over 300,000 users, and processes about 10 million payments a year.

FinTech Futures
Oct 23rd, 2026
David Jenkins appointed as new CFO at Griffin.

David Jenkins appointed as new CFO at Griffin. Jenkins brings over three decades of experience in financial leadership roles and has previously held several CFO positions. October 23, 2026 UK-based bank and Banking-as-a-Service (BaaS) provider Griffin has appointed industry veteran David Jenkins as its new chief financial officer (CFO), effective immediately. At Griffin, Jenkins will be responsible for the company's financial strategy, capital and liquidity, treasury, and financial planning. He succeeds Chad Ryan, who served in the role between January 2023 and December 2025, according to his LinkedIn profile. Jenkins brings over three decades of experience in financial leadership roles and has previously held several CFO positions. He most recently held the role at Vemi Money, where he is credited with building out their "financial operations and risk management function, covering hiring, technology, treasury strategy, and governance", according to a Griffin statement. He also previously served as CFO at Recognise Financial Services, director of finance at Aldermore Bank, head of FP&A for Lloyds' consumer banking division, and group head of planning at Prudential UK. Earlier in his career, he held senior positions at Credit Suisse, ABN Amro, and PwC. Jenkins now joins a Griffin C-suite which includes co-founder and CEO David Jarvis, co-founder and chief technology officer Allen Rohner, and chief operating officer Ed Carter, a former JP Morgan executive who joined the company in 2024. Griffin offers BaaS and embedded finance products for fintechs and platforms, with partners including Marqeta and Uber. Since launching in 2024, Griffin claims to have processed over £8.9 billion in payments and serves 285,000 customers. Reporter, FinTech Futures Cameron Emanuel-Burns, a reporter at FinTech Futures, is dedicated to enhancing the accessibility of fintech for a broader audience. He has contributed articles to various media platforms and possesses a strong interest in all aspects of fintech. Prior to his involvement in the financial industry, Emanuel-Burns worked in the podcasting field, where he held editorial, hosting,and production positions for renowned production companies, covering diverse topics. With a research master's degree in conflict analysis, he conducted a study on the influence of anti-refugee policies on extremism.

Financial IT
Oct 21st, 2026
David Jenkins joins Griffin as Chief Financial Officer.

David Jenkins joins Griffin as Chief Financial Officer. * People Moves * 21.10.2026 12:13 pm Griffin, the UK bank for fintechs and platforms, has appointed David Jenkins as Chief Financial Officer. David will lead Griffin's finance function as the bank enters its next phase of growth, with responsibility for financial strategy, treasury, capital and liquidity, and financial planning. David brings nearly three decades of experience across banking and financial services. He joins from Vemi Money, where as CFO and executive director he built their financial operations and risk management function, covering hiring, technology, treasury strategy, and governance. Before that, he served as CFO of Recognise Bank and AIM-listed City of London Group, where he built a function spanning treasury, regulatory reporting, financial control, and FP&A, and led capital raises of more than £40 million. Earlier in his career, David spent six years at Aldermore, where he co-managed the bank's IPO and FTSE 250 listing in 2015 and built the capital allocation, planning, and reporting framework that supported its rapid growth. He has also held senior finance roles at Lloyds Banking Group, Prudential UK, ABN AMRO, and Credit Suisse, and began his career in audit at Deloitte and PwC. "Griffin has built something rare: a bank that fintechs and platforms can build on, bringing the discipline and strength of a regulated institution with the speed of a technology company. I've spent my career helping banks at different stages of growth and I'm excited to bring that experience to a team with this much ambition." - David Jenkins, Chief Financial Officer, Griffin At Griffin, David will work closely with CEO and co-founder David Jarvis and the executive team to scale the bank and strengthen its financial foundations. "David has helped banks grow, raise capital, and scale. He combines financial rigour with a commercial mindset. As Griffin enters its next chapter, we need a CFO who can be a growth partner to the whole business. We're delighted to have him here." - David Jarvis, CEO and co-founder, Griffin

Open Banking Expo
Aug 12th, 2026
Countingup and Griffin to power MoneySuperMarket's business banking offering.

Countingup and Griffin to power MoneySuperMarket's business banking offering. Countingup, the banking, accounting and tax app, has partnered with Griffin, a fully licensed UK bank, to power and service MoneySuperMarket Business Banking. The launch builds on Countingup's recent move to business bank accounts through its partnership with Griffin and marks the next stage in the relationship between the two companies. Together, Griffin and Countingup are now offering the same combination of regulated banking infrastructure, customer experience, banking operations and accounting and tax technology to trusted brands looking to expand into business banking. MoneySuperMarket, one of the UK's best-known brands, is the first organisation to launch using the model. For MoneySuperMarket, the partnership extends its offering, enabling it to offer business banking through a brand already trusted by millions of UK consumers. The app leverages Countingup's existing software with Griffin's banking infrastructure, offering sole traders and limited companies a simpler way to manage their finances in one place. The launch comes at a time when small business owners are facing increasing pressure to stay on top of their finances and tax obligations. With Making Tax Digital continuing to roll out and financial administration becoming more complex, research commissioned by Countingup found that 78% of small business owners are interested in a service that combines banking, accounting and tax support in one place, while 48% don't find filing and paying taxes easy. These changing customer expectations are accelerating the growth of embedded finance, as more organisations look to deepen relationships with existing customers by offering complementary financial products. Rather than building banking infrastructure, payment capabilities, customer operations and financial technology from scratch, non-banks are looking for specialist providers to help them bring new financial products to market faster. Tom Platt, chief executive officer of Countingup, said: "Launching its own business bank accounts with Griffin was an important milestone for Countingup, but Open Banking Expo has always believed the opportunity was much bigger. "More organisations want to offer financial products that genuinely help their customers, but they know building the underlying technology and operations from scratch is complex. By combining Griffin's regulated banking infrastructure with its customer experience, banking operations and tax and accounting technology, Open Banking Expo has created a model that enables trusted brands to bring integrated business banking to market much more quickly. "MoneySuperMarket is the first example of that vision in action. Together, we've developed a proposition designed to make managing money simpler for small businesses, combining trusted banking services with the support, insight and convenience customers expect from a brand they already know. We're incredibly proud to be launching MoneySuperMarket Business Banking and excited about the value it can deliver for business owners." Through a single partnership, organisations can access regulated banking infrastructure, payment rails, banking operations and AI-powered accounting technology without having to integrate multiple providers themselves. Customers using the new MoneySuperMarket Business Banking account will benefit from government-backed FSCS protection on eligible deposits up to £120,000, faster and more reliable payments, Open Banking compatibility, 1.2% AER (variable) interest on savings held in a Tax Pot, alongside AI-powered accounting and tax tools that help automate bookkeeping, estimate tax liabilities and reduce the time spent on financial admin. Amrita Das, head of commercial at MoneySuperMarket, said: "This launch marks an important step in expanding how MoneySuperMarket supports customers throughout their financial journey. Small businesses are increasingly looking for simple, digital solutions that help them manage their finances efficiently, and its new business bank account, MoneySuperMarket Business Banking, responds directly to that need. "Through our partnership with Countingup and Griffin, we're bringing together banking, accounting and tax functionality in a single experience, helping business owners spend less time on administration and more time focused on their business." Phoebe Wallis, chief revenue officer at Griffin, said: "Partnering with Countingup to bring business banking to MoneySuperMarket's customers was a natural fit. Beyond the banking and compliance infrastructure Griffin provides, it means MoneySuperMarket's customers get an all-in-one experience - business banking, bookkeeping, and tax management in one place." For Countingup, the partnership marks the next stage in its growth following the launch of its own business bank accounts. Having already helped more than 100,000 small businesses manage their finances directly, the company is now making its technology and operational expertise available to trusted brands looking to expand into business banking. MoneySuperMarket is the first organisation to launch using the model, with Countingup and Griffin planning to work with more organisations looking to embed integrated business banking into their customer experience.

FinSMEs
Jul 17th, 2026
Saible raises £2.9M in total angel funding.

Saible raises £2.9M in total angel funding. July 17, 2026 Saible, a Birmingham, UK-based developer of construction supply chain payment software and embedded fintech infrastructure, raised £2.9m in total angel funding. The investment comprises £2.1m in previously closed capital paired with a newly finalized £800k angel expansion round, alongside a limited £50k public equity crowdfund allocation hosted on Crowdcube. The company intends to use the capital to scale its digital payment infrastructure, finance its ongoing multi-jurisdiction regulatory compliance pipelines, and deploy its software across live infrastructure projects backed by institutional real estate funders. Led by Co-founder and CEO Jarvey Moss, Saible develops the "Digital Parallel Payment Account" (DiPPA) - a software-automated project wallet architecture that integrates with regulated banking partner Griffin to hold infrastructure funds in escrow trusts, bypassing traditional cascading contractor delays by releasing payments to all approved subcontractors across every supply chain tier simultaneously. The company officially initiated public-sector pilot deployments with the Environment Agency and BAM Nuttall to test its simultaneous payout model on a government-backed footbridge replacement project starting in summer 2026. Don't just read the news. Own the data. Stop manually tracking deals. Access this round and over 100 others this week - in our structured Master Database (XML) + Weekly Intelligence PDF. [Access FinSMEs Intelligence Hub] 17/07/2026

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