“Can a real-time client-money platform replace traditional letting-agent client accounts with per-landlord FSCS-protected wallets?”
LettsPay is a UK proptech that automates client accounting and rent processing for letting agents. After DLUHC regulatory changes blocked proptechs from holding client funds in EMIs, LettsPay migrated to Griffin's banking-as-a-service rails to provide FSCS-protected individual landlord wallets while remaining CMP compliant.
LettsPay discloses Griffin as its banking provider, with Griffin Bank Ltd as its sponsor bank, according to the Embedded Finance Index 2026.
LettsPay does not disclose a bank charter of its own; its banking services are provided through Griffin Bank Ltd.
LettsPay moves money over Faster Payments.
LettsPay uses Currencies Direct for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 4 layers in LettsPay's stack: Money movement (Faster Payments); Banking / BaaS (Griffin); Sponsor bank (Griffin Bank Ltd); FX & payouts (Currencies Direct).
LettsPay was founded by Garrett Foxon and is headquartered in United Kingdom.
Get a read on where your own stack stands against LettsPay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.