What's Happening?
Griffin, a London-based API-first bank, has successfully integrated Uber and Marqeta, marking a significant milestone as its payment volumes hit £3 billion. The bank, which supports over 50 platform customers and hundreds of thousands of end users, has seen its revenue increase fivefold. Griffin's recent achievements include regulatory approval to exit mobilisation and its transition to general availability. The bank's API-based platform facilitates rapid market entry for new financial products, integrating compliance controls into its infrastructure. Griffin aims to expand its payments capability further in 2026, including a card program and stablecoin offering.
Why It's Important?
Griffin's integration with major companies like Uber and Marqeta underscores its
growing influence in the fintech sector. By providing a robust infrastructure that supports rapid deployment of financial services, Griffin is positioning itself as a key player in the embedded finance market. This expansion not only enhances Griffin's market presence but also contributes to the broader trend of digital transformation in banking. As demand for embedded finance grows, Griffin's strategic moves could lead to increased competition and innovation in the financial services industry, benefiting consumers and businesses alike.
