Griffin raises $24 million

Banking-as-a-service startup Griffin has raised $24 million in an extended Series A round that was led by MassMutual Ventures, NordicNinja and Breega, with participation from Notion Capital and EQT Ventures.

Founded in 2017, the London-based startup helps third parties launch banking products. Last year, Griffin secured a banking license after being authorized by the PRA and the FCA to operate with restrictions. The startup has now received approval to lift restrictions and launch as a fully operational bank.

“Our continued support for Griffin is a testament to its extraordinary progress to date. As the UK’s first full-stack BaaS platform with a banking license, Griffin is the partner of choice for fintechs and brands to build innovative financial products with a seamless client experience.” – Ryan Collins, Managing Partner at MassMutual Ventures.