# Griffin Bank

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/griffin-bank

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.griffin.com/
- Total disclosed funding: $63M
- Latest round: Series A (Feb 27, 2024)
- Investors on record: 7

## About

Based in London, UK, and founded in 2017, Griffin Bank Ltd aka Griffin Financial Technology Limited provides financial products. The company was founded by David Jarvis (CEO) and Allen Rohner (CTO). In March 2024, the firm raised GBP 18.7 million in Series A funding co-led by returning investor MassMutual Ventures, investors NordicNinja, and Breega, with participation from returning investors Notion Capital and EQT Ventures.

The company offers banking as a service platform to its customers. The firm product range includes automated onboarding, savings accounts, CASS-complaint customer accounts, ringfenced accounts, operational accounts, credits, payments, and many more. 

The firm generates its revenue by charging for its services. Under business banking, it charges GBP 500 per year for your first account and GBP 50 per year for additional sub-accounts. Banking as a Service charges GBP 10 per year per retail account and GBP 40 per year per business account. Additionally, for faster payments, it charges different pricing based on amounts.

The company plans to use the March 2024 funding to expand the bank and improve the infrastructure for both current and potential clients.

## Funding rounds

- Series A, Feb 27, 2024, $24M — Notion Capital, MassMutual Ventures, Breega, NordicNinja VC
- Series A, Mar 2, 2023, $13M — EQT, Notion Capital, Seedcamp, MassMutual Ventures
- Seed, May 17, 2022, $13M — EQT, Notion Capital
- Seed, Aug 10, 2020, $8.5M — EQT, Seedcamp, Tribe Capital
- Seed, Jul 24, 2019, $3.8M — Seedcamp, Tribe Capital

## Investors

- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed, Series A
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Seed
- EQT (https://capitalatlas.ai/funds/eqt) — Seed, Series A
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Seed, Series A
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series A
- Breega (https://capitalatlas.ai/funds/breega) — Series A
- NordicNinja VC (https://capitalatlas.ai/funds/nordicninja-vc) — Series A