Griffin vs OpenPayd
Griffin
griffin.comOpenPayd
openpayd.comSide by side
| Figure | Griffin | OpenPayd |
|---|---|---|
| Price from | £100/mo | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Plans published | 4 | 1 |
| Spec score · Banking-as-a-Service Platforms | 7.8 (#11) | 7.1 (#26) |
| Founded | 2017 | 2018 |
| Headquarters | London, United Kingdom | London, United Kingdom |
| Payments | Payment features include Faster Payments, instant book transfers between Griffin accounts, payment webhooks, and Confirmation of Payee. | The platform supports domestic, international, and real-time payments through its global payments network. |
| Regulation | Griffin Bank is authorised by the Prudential Regulation Authority and regulated by the FCA and PRA. | OpenPayd says its UK fiat services are provided by an FCA-authorised electronic money institution and its Malta financial institution is regulated by MFSA. |
| Support | Griffin lists [email protected] and a developer Slack community as support and community channels. | The company says customers can access industry-leading support and describes a dedicated partner assisting clients through their journey. |
| What it does | Griffin provides banking-as-a-service infrastructure that companies can use to embed bank accounts, payments, and other financial products through APIs. | OpenPayd provides financial infrastructure for businesses to move and manage money globally across fiat and digital assets through one API. |
Plans
Griffin
- Business bank accounts£100 a month
- Platform banking monthly package£10,000 a month
- Platform banking onboarding£15,000, paid once
- Platform banking EnterprisePriced on request
In their own words
Griffin
Griffin provides banking-as-a-service infrastructure for companies embedding bank accounts, payments, and other financial products through APIs. It operates its own core banking platform and banking license. Business accounts for fintechs and venture-backed startups can be managed online or by API, while embedded savings and bank accounts support customer funds and client money. Payment features include Faster Payments, instant transfers between Griffin accounts, payment webhooks, and Confirmation of Payee. Verify automates KYC and KYB checks and provides onboarding workflows. The REST API uses JSON and includes a free sandbox without fees or an NDA. Griffin also works with tell.money on open-banking integrations. Griffin Bank is authorised by the Prudential Regulation Authority and regulated by the FCA and PRA. Security documentation cites encryption at rest and in transit, monitored access, and least privilege. Business banking starts at £100 per month; platform packages are £10,000 per month, with onboarding from £15,000 one-off.