'Banking as a Service' startup Griffin raises $24M as it attains full banking license
Founded by former Silicon Valley engineers, UK-based Griffin Bank, an API-driven banking-as-a-service platform just obtained a banking license, roughly one year after starting the application process. This means it has been given the green light from the UK’s financial services regulators, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), to exit ‘mobilization’ and launch as a fully operational bank. The move stands in marked contrast to Revolut, the UK’s most valuable fintech, which, despite repeatedly stating its intentions over a ...
Source: yahoo.com
