Leading the investment round were NordicNinja, Breega, and MassMutual Ventures, with participation from Notion Capital and EQT Ventures, two of the original investors. This raises the company's total capital raised to $52 million.

Griffin will include bank accounts, including interest-bearing savings accounts, access to the UK's payment rails, cards, an integrated ledger, and automated compliance technologies. Griffin was created from the bottom up to support fintechs and brands wishing to embed finance.

Before launching its first pilot clients, the Silicon Valley engineers David Jarvis and Allen Rohner assembled a group of technology and financial leaders from Form3, Swift, Barclays, Virgin Money, Lloyds, and other companies.

"Today's announcement is a culmination of years of hard work by the incredible team at Griffin," says David Jarvis, CEO of Griffin. We especially appreciate our pilot clients' faith in us, and we look forward to supporting them as they grow their cutting-edge products at the nexus of finance and technology."