Income Group partners Griffin to embed savings accounts in payroll

By Gloria Methri

Income Group, an innovative FinTech dedicated to improving engagement between employees and employers, has partnered with Griffin. This partnership enables Income Group to broaden its service offering by embedding Griffin’s savings account into the IGsend platform.

Specialising in secure payments, providing access to growth capital and offering employees salary advances, Income Group allows employers to make payroll payments 24/7 – 365, giving employees immediate access to their earned wages.

By embedding Griffin’s savings accounts into IGsend, Income Group is taking a significant step towards fostering a culture of saving among its users. Employees can now set aside a percentage of their salary at the point of receipt, encouraging proactive financial management and wealth creation.

Commenting on the significance of this partnership, David Jarvis, co-founder and CEO of Griffin, said, “This collaboration is a clear example of the real-world impact of embedded finance, particularly in driving financial inclusion. By leveraging our platform to integrate savings directly into the employee experience, Income Group is empowering people with the tools they need to start building a secure financial future.”

Ian Wheeler, CEO and co-founder of Income Group, added, “Our partnership with Griffin allows us to enhance our services, making it even easier for consumers to save and plan for their financial futures. This collaboration represents a major milestone in our commitment to providing innovative and comprehensive financial solutions to our customers.”

A financial services company specialising in secure payroll payments, Income Group, provides access to growth capital and offers employees salary advances through IGsend. The platform enables employers to make payments 24/7 – 365, allowing employees to access their earned wages immediately without waiting for the traditional monthly payment cycle. Griffin is an API-first UK bank and full-stack Banking as a Service platform. By integrating Griffin’s savings accounts, Income Group is advancing its mission to enhance financial inclusion and equip employees with tools to manage their finances better.