Griffin, a London, UK-based Banking-as-a-Service supplier, raised £6.5m in funding.
The spherical was led by EQT Ventures with participation from Seedcamp, Tribe Capital, Paul Forster (co-founder Certainly.com), Matt Robinson (co-founder Go-Cardless/Nested), and Carlos Gonzalez-Cadenas (COO GoCardless).
The corporate will use the funds to additional product improvement, rent extra folks and proceed the bank authorisation course of with the PRA and FCA.
Based in 2017 by David Jarvis (CEO) and Allen Rohner (CTO), Griffin is constructing an API-first bank to decrease the barrier to entry on the subject of launching new monetary merchandise and providers for brand new fintech gamers and established manufacturers.
Griffin was found by EQT Ventures’ proprietary AI platform, Motherbrain. Constructed to find new startups, Motherbrain has enabled EQT Ventures to take a data-driven method to investing. To this point, Motherbrain has pushed greater than $100 million in portfolio firm investments as Griffin is the ninth firm to be sourced by this AI platform.