As the banking requirements of modern customers are changing with time, fintech services are gearing up to be available on-demand. This trend has paved the way for a wave of digital solutions that let people manage their own finances. Making use of this opportunity, a number of banking-as-a-service startups have mushroomed in Europe, and Griffin is one such startup based in London.
Raises €7.2M funding
The banking-as-a-service startup Griffin has bagged £6.5M (nearly €7.2M) funding in a round led by EQT Ventures. The other investors that participated in the funding round are Tribe Capital, Seedcamp, Indeed.com co-founder Paul Forster, GoCardless/Nested co-founder Matt Robinson, and Index Ventures partner Carlos Gonzalez-Cadenas, who is also the former COO of GoCardless. This funding round follows the previous investment of £3M (nearly €3.3M) that it raised earlier this year.