Griffin, a UK bank for fintechs and platforms, has partnered with global payments fintech TransferGo to support the launch of new GBP wallets and savings accounts.
Leveraging Griffin’s regulated safeguarding infrastructure, TransferGo can now offer FSCS-protected GBP savings with competitive interest rates to UK businesses, as part of its newly unveiled multi-currency business accounts.
TransferGo is tackling high fees, slow transfers, and complex global money movement by launching multi-currency business accounts that use Griffin-powered GBP wallets to safeguard customer funds.
In addition to this, the new easy access savings accounts now give TransferGo’s business customers access to competitive interest rates on their working capital. This helps them turn idle funds into revenue without compromising liquidity. These accounts also come with FSCS protection of up to £85,000 of eligible deposits per depositor.
The launch
“We’re committed to providing our business clients with efficient and profit-friendly international money management solutions,” said Justinas Lasevičius, co-founder of TransferGo. “GBP wallets and savings are proof of this – giving business owners and managers more freedom to send and receive payments, leverage the benefits of a local IBAN, access same-day transfers, and gain greater control over their finances. We empower businesses to grow by cutting out high costs and delivering a fairer and seamless financial experience.”
David Jarvis, CEO and co-founder at Griffin, also added: “We’re inspired by how TransferGo helps people and businesses around the world to stay connected to each other. We’re thrilled to be able to do our small part in supporting them and their customers by providing secure banking infrastructure for their GBP wallets and savings accounts.”
