<div>
  <ul>
    <li>
      <p>
        UK-based Griffin, a banking-as-a-service (BaaS) infrastructure provider, has raised USD 24 million (~GBP 18.8 million) in an extended Series A round led by MassMutual Ventures, NordicNinja and Breega, with participation from Notion Capital, EQT Ventures, and others. Griffin's total funding is now GBP 52.1 million (~USD 66.6 million).
      </p>
    </li>
    <li>
      <p>
        The company plans to use the funds to scale the bank and enhance its infrastructure&nbsp;offerings, including banking, payments, and wealth solutions.
      </p>
    </li>
    <li>
      <p>
        Griffin also announced that it would secure its banking license from the UK's financial services regulators, the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA), allowing it to launch as a fully operational bank.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        During the processing of its banking license application over the past 12 months, Griffin also raised USD 13.5 million in 
        <a href="https://sp-edge.com/updates/19186">
          Series A funding
        </a>
         in July 2023 to develop its core banking infrastructure and support go-to-market activities.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://techcrunch.com/2024/03/10/banking-as-a-service-startup-griffin-riases-24m-and-attains-full-banking-licence/">
      TechCrunch
    </a>
  </p>
  <p>
    <a href="https://fintech.global/2024/03/11/griffin-launches-as-uks-latest-full-stack-baas-platform-with-24m-boost/">
      Fintech Global
    </a>
  </p>
</div>


FinTech Infrastructure

ANALYST_QUICK_TAKE

<div>
 <p>Griffin, a Banking-as-a-Service (BaaS) infrastructure provider based in the UK, has recently raised around $24 million, or approximately £18.8 million, in an extended Series A financing round. The fundraising was spearheaded by MassMutual Ventures, NordicNinja and Breega, along with contributions from Notion Capital, EQT Ventures, among others. This recent funding has bumped Griffin's total funds to approximately £52.1 million, which translates to around $66.6 million.</p>
 <p>Griffin intends to allocate the newly raised funds to expand the bank and further improve its infrastructure offerings, encompassing services like banking, payments, and wealth solutions.</p>
 <p>In addition to its funding announcement, Griffin has also revealed plans to obtain a banking license from the UK's financial services regulators. These are the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Securing this license will pave the way for Griffin to kick off its operations as a fully functional bank.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> During the processing of its banking license application over the past 12 months, Griffin also raised USD 13.5 million in <a href="https:<br>
//sp-edge.com/updates/19186"> Series A funding </a> in July 2023 to develop its core banking infrastructure and support go-to-market activities.</p>

All Updates

Griffin raises USD 24 million in Series A extension; secures full banking license in UK

Griffin raises USD 13.5 million in Series A funding

Griffin raises USD 15.5 million in funding