uk fintech griffin lands £12.5m in latest funding round

Photo by Christin Hume on Unsplash

Fintech brand Griffin has sealed a fresh £12.5 million in funding to help design and launch a new operating system for embedded finance services.

Griffin catches the eye of proven fintech innovators

Their latest funding round was handled by Notion Capital, including previous investor EQT Ventures and a string of additional fintech ‘angels’ such as Plaid co-founder and Column founder, William Hockey. As a result, Notion Capital’s managing partner, Stephen Chandler, has been awarded a place on Griffin’s board of directors.

Chandler has successfully fused the tech and finance worlds in previous years, including his roles with fintech unicorns Paddle and GoCardless.

Specialist venture capitalist firms like Notion aren’t the only reason why funding rounds are still plentiful despite the continued uncertain economic climate. For example, the automation of funding rounds has led to a revolutionary simplification of administrative processes. Once, the process of finalising funding rounds relied on expensive lawyers, indefinite periods of waiting around and the re-use of the same old legal documents.

Yet now, with brands like SeedLegals automating the legal side of funding rounds, it’s cheaper, easier and less time-consuming to close investments. Effectively, SeedLegals streamlines all of the legal workflows to save start-ups thousands in fees that can be invested in growth instead.

Griffin has thrived since its previous round of funding

Griffin last launched a funding round in autumn 2020 and since then it has been on an upward curve. The business has grown three-fold in that time and has already embarked on an ‘early access’ commercialisation of its banking as a service (BaaS) portal. The opportunity to further progress its core banking platform with this fresh investment gives Griffin a legitimate opportunity to disrupt the next-generation finance scene.

Griffin has also demonstrated a fierce commitment to enshrining its company culture throughout its growth path. Its ethos is focused on delivering transparency, kindness and trust, with the overarching goal to become the leading BaaS portal to facilitate innovative financial services and credit products for the future.

That vision is shared by Griffin board member, Tom Mendoza, who believes the financial services sector has “not kept pace with consumer trends” when it comes to banking. Mendoza sees Griffin as serving the ideal purpose of a “developer-friendly bank” that’s underpinned by “modern APIs and intuitive software”.

TECH NEWS RELATED

The mysteries of deja vu are closer than ever to being explained

After centuries of mystery, scientists may have finally discovered an explanation behind the feeling of déjà vu we as humans often experience. While sometimes believed to be supernatural by many in earlier ages, scientists now say it could be tied to how our brain recognizes scenes around us. That ...

View more: The mysteries of deja vu are closer than ever to being explained

MacBooks now called ‘laptops’ instead of ‘notebooks’ by Apple, but what’s a computer?

Over the last week, Apple is now referring to MacBooks as “laptops,” instead of “notebooks.” This new Mac branding comes at the moment the company just finished the transition to its custom chips and only sells two Intel Macs, a Mac mini and a Mac Pro. But one question ...

View more: MacBooks now called ‘laptops’ instead of ‘notebooks’ by Apple, but what’s a computer?

What is the Quality of the Products on Temu?

(Photo : Karolina Grabowska) Low prices don’t mean low quality! Temu offers high-quality goods at reasonable pricing, with most of its product listings sourced from the Nasdaq-listed PDD e-commerce procurement and fulfillment ecosystem that includes over 11 million international manufacturers. The network has some of the most notable global ...

View more: What is the Quality of the Products on Temu?

David Noyes of Solar America Discusses Solar Energy Incentives for Consumers

(Photo : Vivint Solar) “There’s no question the solar energy market in the United States is growing fast,” says David Noyes of Solar America. While California has traditionally dominated the solar industry, other states like Florida and North Carolina are making significant strides. As new states enter the solar ...

View more: David Noyes of Solar America Discusses Solar Energy Incentives for Consumers

Gray whale numbers continue decline; NOAA fisheries will continue monitoring

A gray whale mother-calf pair migrating along the central California coast from the wintering grounds in Mexico to the summer feeding grounds in the Arctic. Credit: NOAA Fisheries Gray whales that migrate along the West Coast of North America continued to decline in number over the last 2 years, ...

View more: Gray whale numbers continue decline; NOAA fisheries will continue monitoring

Microsoft: Windows 11 22H2 causes file copy performance hit

Microsoft has confirmed a new known issue causing customers to experience a significant performance hit when copying large files over SMB after installing the Windows 11 22H2 update. “There is a performance reduction in 22H2 when copying larger files from a remote computer down to a Windows 11 computer ...

View more: Microsoft: Windows 11 22H2 causes file copy performance hit

Card Blanch’s Unique Platform Simplifies Shopping For Consumers

(Photo : Card Blanch) Consumer spending in the U.S. is on the rise after months of economic uncertainty, reminding people about the often overwhelming number of finance and store loyalty cards they own – and that’s where one innovative app aims to revolutionize and simplify shopping for everyone. The ...

View more: Card Blanch’s Unique Platform Simplifies Shopping For Consumers

What other storms can teach us about looming mental health impacts of Hurricane Ian

Credit: Unsplash/CC0 Public Domain As residents of southwest Florida begin the arduous process of rebuilding their lives in the wake of Hurricane Ian, Tulane University experts who have studied long-term impacts of storms in New Orleans have one piece of advice: don’t ignore your mental health. Survivors are likely ...

View more: What other storms can teach us about looming mental health impacts of Hurricane Ian

How to Store Your Vinyl Records and Maintain Their Quality

Twitter wants you to share tweets instead of screenshotting them

Only 2 Netflix movies are in the streamer’s US Top 10 today

Scientists design electrolyte for lithium metal anodes for use in lithium metal batteries

Sleep mode makes Internet of Energy more energy efficient

Finding the chiplet integration technology with the simplest scheme

Google's 2nd-gen wired Nest Doorbell delivers better image quality

Biden Signs Executive Order to Preserve US-EU Data Transfers

Apple Is Unlikely to Reinstate Touch ID, to Revamp Face Recognition Instead: Reports

The Parenting Tech Market is Flooded yet Chronically Underserved. Could this AI Cut Through the Noise?

Mariners vs. Blue Jays Livestream: How to Watch the Wild Card Series Without Cable

15 Best Lock Screen Widgets for Apple iPhone

OTHER TECH NEWS

Top Car News Car News