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Solutions: ProptechPowering up proptechs with dedicated client money accounts

Dedicated accounts make it easy for letting agents to collect, track, and distribute rental payments, in full compliance with client money protection rules.

LettsPay logo

We found Griffin at the point where it felt like there was no solution to the banking problems we faced in the proptech industry. Griffin worked with us to provide a solution that not only works for our business but potentially solves some of the major issues around holding client money for the industry.

Garrett FoxonCEO, LettsPay
LettsPay logo

We found Griffin at the point where it felt like there was no solution to the banking problems we faced in the proptech industry. Griffin worked with us to provide a solution that not only works for our business but potentially solves some of the major issues around holding client money for the industry.

Garrett FoxonCEO, LettsPay
  • Fast account opening

    Open as many client money accounts as you need via simple APIs, supported by clear documentation.

  • Easy onboarding

    Onboard new clients quickly with automated onboarding tailored to the property sector.

  • Streamlined reconciliation

    Dedicated accounts per landlord enable automated payment sourcing and matching.

  • CMP compliant

    All client funds are ringfenced from your operational funds, in compliance with CMP schemes.

  • Fast account opening

    Open as many client money accounts as you need via simple APIs, supported by clear documentation.

  • Easy onboarding

    Onboard new clients quickly with automated onboarding tailored to the property sector.

  • Streamlined reconciliation

    Dedicated accounts per landlord enable automated payment sourcing and matching.

  • CMP compliant

    All client funds are ringfenced from your operational funds, in compliance with CMP schemes.

Client money accounts

Never lose track of a payment again

Dedicated accounts. With Griffin powering your product, letting agents can open a dedicated client money account for each landlord.

Earn interest. Competitive interest rates mean new revenue streams for you and more value for your clients.

Fully compliant. All of your clients' funds are segregated, in compliance with CMP schemes and FCA rules.

Client money accounts
FSCS protected

Deposit protection. Your customers' deposits are protected. Learn more.

Tenant accounts
Rent
Client money accounts embedded in your app
Provided by
Landlord accounts
Rent

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Onboard the right clients fast

Comprehensive KYC and KYB. Run end-to-end onboarding checks on every letting agent and landlord on your platform.

Tailored for proptech. Our workflows are designed specifically for the property sector, with all necessary checks included.

Fast onboarding. Full automation means you can onboard clients fast without compromising on strong risk management.

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Information
High risk
Company name mis-matchMatch
Company status not activePass
Company accounts are overduePass
Activity of business is high riskMatch
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Attention required

Customer risk detected
Sanctions
Pass
Fraud
Pass
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Checks automated

Review progress

Process completed

Customers are approved

Learn more about working with Griffin

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LettsPay solves regulatory hurdles with Griffin's client money accountsCustomer story 
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Howard Rees
Howard Rees
Explore our developer documentationdocs.griffin.com 

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Build and scale your financial products on one powerful platform.

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