BaaS bank Griffin raises £20m to add cards and stablecoin capabilities

Griffin’s latest £20 million funding round is a signal that the infrastructure behind consumer financing is becoming more sophisticated and flexible. For a retailer or service provider, this means the 'Banking-as-a-Service' (BaaS) model is maturing. This type of technology allows non-financial businesses to embed credit, payment cards, and digital wallets directly into their own branded apps. Griffin is specifically looking to expand into card issuance and stablecoin capabilities, which could eventually lower transaction costs for merchants and speed up how quickly you receive funds from financed sales. While this is a back-end technology play, it matters to your business because it increases competition among lenders. When banks like Griffin provide better tools to fintechs, those fintechs can offer you lower merchant fees or more seamless 'Buy Now, Pay Later' integrations. The move into stablecoins also suggests a future where consumer financing could happen over blockchain rails, potentially bypassing traditional card networks to save you money on processing. As these platforms grow, expect more 'all-in-one' platforms that handle your banking, lending, and payments in a single interface.

Source: Finextra — Lending

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