The London-based startup Griffin, specializing in 'Banking as a Service' (BaaS), has successfully raised $24 million in a Series A extension round, as reported by TechCrunch and Mike Butcher. This funding follows a $13.5 million Series A round in June 2023. With this latest financial boost, Griffin has also achieved a significant milestone by obtaining a full banking license, marking its transition to a fully operational UK bank. The startup's platform, which is API-driven, aims to revolutionize the banking industry by offering more streamlined and accessible financial services. The achievement of securing a banking license, as noted by Griffin, was not an easy feat, highlighting the rigorous process and the startup's commitment to compliance and innovation.