Thu, Dec 26 2024
After a successful trial phase, Griffin, the full-stack banking as a service (BaaS) platform and UK bank that was API-first, is now taking applications for its early access program.
The Foundations program is designed for UK businesses who want to use a BaaS provider to sell financial products directly to their clients. Businesses can effortlessly incorporate banking products, including as savings and protecting accounts, by utilizing Griffin's vertically integrated infrastructure and contemporary APIs.
Griffin's mission to improve client experiences and streamline banking through embedded finance solutions includes Foundation.
According to Griffin CEO and co-founder David Jarvis, "we're looking for mission-driven companies that share our conviction that finance should be contextual, relevant, and seamlessly integrated into products that businesses and consumers are already using everyday."
"We've established a bank to help you do just that: Foundations is an invitation to firms that wish to use integrated finance to make their customers' lives easier.”
CEO and founder Garrett Foxon of LettspayTM, a client accounting solution for the real estate industry, has provided an overview of the company's work with Griffin and the Foundations program, saying, "We found Griffin at the point where it felt like there was no solution to the banking problems we faced in the proptech industry."
Griffin collaborated with us to develop a solution that not only benefits our company but also has the potential to address some of the main problems the industry faces with retaining client funds.
Bases
Foundations participants have access to Griffin's platform, receive committed assistance from IT and banking professionals, and have a say in future Griffin products. By integrating Griffin's full-stack BaaS platform throughout their whole product stack, they can enable embedded banking functionalities that are protected by the FSCS.
While a select few businesses that fit certain requirements will be given priority at first, other businesses will be added to a waitlist for potential future possibilities.
Leave a Comment