Griffin
Banking as a service (BaaS) software
Financial services software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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£100 per month
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What is Griffin
Griffin is a UK-based banking-as-a-service platform that provides regulated banking infrastructure via APIs, including accounts and payments, for companies that want to embed financial services into their products. It targets fintechs and non-bank businesses that need access to bank accounts, payment rails, and compliance-aligned workflows without becoming a bank. The product positions itself as a bank with an API-first delivery model, rather than a pure middleware provider. It is typically used to launch and operate embedded finance use cases such as customer wallets, payout flows, and business accounts.
Bank-led, regulated infrastructure
Griffin operates as a regulated bank in the UK, which can reduce reliance on third-party sponsor-bank arrangements for certain use cases. This can simplify governance for products that require direct access to banking capabilities rather than layered intermediaries. For buyers, it can mean clearer accountability for core banking services and associated controls. It also supports use cases where regulated deposit accounts are required.
API-first accounts and payments
Griffin provides developer-oriented APIs intended to support programmatic onboarding, account creation, and payment operations. This approach fits teams building embedded finance products that need automation and integration into existing customer journeys. Compared with more operations-heavy setups, API-driven workflows can reduce manual handling for routine tasks. It also supports faster iteration for product teams that ship frequently.
Designed for embedded finance
The platform is built for companies embedding financial features into non-banking products, such as wallets, payouts, and business banking experiences. It typically supports multi-tenant or platform-style models where a business manages many end-customer accounts. This aligns with common BaaS patterns such as marketplaces, SaaS platforms, and fintech applications. The focus on embedded use cases can reduce the need to assemble multiple point solutions.
Geographic and scheme constraints
Griffin’s core regulatory footprint is UK-centric, which can limit suitability for products needing broad multi-country coverage. International expansion often requires additional entities, partners, or alternative providers for local accounts and payment rails. Buyers with cross-border requirements may need to combine Griffin with other infrastructure to meet regional needs. This can increase integration and compliance complexity.
Product scope may be narrower
As a bank-led BaaS provider, Griffin may not offer the same breadth of non-banking modules that some platforms provide (for example, extensive card issuing configurations, data aggregation, or value-added risk tooling). Depending on the program, customers may need separate vendors for cards, fraud/AML tooling, or open-banking data. This can create additional vendor management and reconciliation work. The best-fit use cases tend to be those centered on accounts and payments.
Compliance and onboarding overhead
Embedded finance programs still require strong compliance processes, including KYB/KYC design, monitoring, and operational controls. Even with a regulated provider, onboarding timelines and documentation requirements can be significant, especially for higher-risk business models. Product teams may need dedicated compliance and operations resources to meet program obligations. This can slow launches compared with simpler payment-only solutions.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| Griffin accounts (Business banking) | From £100 per month | Operational business bank accounts; interest/commission from 1.75% (1.76% AER, variable — tracks Bank of England base rate). Eligibility criteria apply. |
| Platform banking — onboarding (one-off) | One-off fee from £15,000 | Complete onboarding support to go live (6–8 weeks). |
| Platform banking — monthly packages | Monthly packages starting from £3,000; £5,000 (save up to 20%); £10,000 (save up to 40%); Enterprise: Custom | Pay a minimum monthly package and draw down from it for accounts, payments and onboarding usage. Earn interest or commission from 1.75%. Calculate optimum package with sales. |
| Startup package (eligible companies) | Contact sales | Griffin states a startup package is available for eligible new UK companies; details via sales. |
| Sandbox (developer) | Free sandbox (no fees / no NDA) | Free developer sandbox for testing APIs (not a production product tier). |
Seller details
Griffin Bank Ltd
London, United Kingdom
2017
Private
https://griffin.com/
https://x.com/griffinbank
https://www.linkedin.com/company/griffinbank/
