Griffin Raises $20M to Bring Stablecoin Payments and Card Issuing to Its Banking Platform

Key Takeaways: Griffin raised $20 million in a Series B round at a valuation exceeding $100 million.

The UK’s bank is set to introduce card issuing, stablecoin reserve and cross-border payments via blockchain.

It now has over 80 businesses integrated and more than 300,000 customers signed up.

User Score8.7 Follow us on Google News Griffin, a UK-based banking infrastructure provider, announced a Series B funding round of $20 million led by Octagon Partners and valued at over $100 million.

The capital will enable the company to move beyond its banking offerings and introduce the ability to support stablecoins and card products to its platform.

Griffin Raises $20M to Expand Its Banking Infrastructure Other investors in the round were existing investors Notion Capital, A+ Ventures, Nordic Ninja and Breega.

Griffin said the investment will support its growth toward profitability while financing the next stage of its product development.

Griffin has grown from testing in 2024 to today’s current platform that has over 80 businesses using it since they became a complete UK bank in 2024.

Its customers include Uber, Countingup, Anna Money, Yonder, and Prosper.

Today, it serves over 300,000 underlying retail and business customers and handles almost 10 million payments per year.

Continue reading at the original source →