Griffin's application to eliminate limits and leave mobilization was approved by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), the UK's financial services authorities, marking a key milestone.

Griffin's launch, backed by a sizable $24 million fundraising round, marks the beginning of a new age in financial services. Leading the fundraising were NordicNinja, Breega, and MassMutual Ventures. Notion Capital and EQT Ventures, who were already investors, also contributed.

Fundamentally, Griffin wants to transform the banking industry by enabling tech-savvy businesses to give their clients wealth, payment, and banking options. Griffin's integrated ledger and automated compliance technologies allow its clients to maintain high standards of service while streamlining their financial operations. Griffin's cutting-edge strategy places it at the forefront of the nascent field of technology and finance, providing its pilot customers and potential partners with unmatched support.

In order to better serve both current and potential consumers, the bank will scale and improve its infrastructure with the help of the additional capital infusion.

Griffin has made a commitment to developing a fundamentally moral and humane culture from the beginning. This commitment is demonstrated by strong financial controls and governance, as well as by the company's participation in Tech Zero and carbon-reduction programs.

"Griffin is exactly the sort of founder-led business that we look to back," stated Dan Shellard, a partner at Breega. The team is in a great position to drive this generation of cutting-edge financial products—and the next—thanks to the years of hard work they have put into creating its own core banking infrastructure and obtaining a UK bank license.