UK bank Griffin raises $20 million Series B to expand stablecoin services
London-based bank Griffin has secured $20 million in Series B funding led by Octagon Partners, valuing the firm at over $100 million as it expands into stablecoin reserves and onchain cross-border payments.
UK bank Griffin has closed a $20 million Series B funding round led by Octagon Partners, valuing the London-based company at more than $100 million. Other participants in the round included existing investors Notion Capital, A+ Ventures, Nordic Ninja VC, and Breega VC.[2][3][4]
Griffin plans to use the new capital to introduce card issuing, build stablecoin reserve capabilities, and develop onchain cross-border payment rails. The bank aims to integrate these features into its embedded banking platform, which currently serves more than 80 companies.[1][2][7]
The company, which also serves as Uber's banking partner in the UK, is targeting stablecoin services that connect traditional banking rails with blockchain technology to reshape cross-border payment settlements.[5][7]
Key facts
- Griffin raised $20 million in a Series B round led by Octagon Partners.
- The financing round valued the London-based UK bank at over $100 million.
- Existing investors Notion Capital, A+ Ventures, Nordic Ninja VC, and Breega VC participated in the round.
- Griffin will use the funds to build stablecoin reserve services, add card issuing, and integrate onchain cross-border payments.
- Griffin's embedded banking platform currently supports more than 80 companies.
- Griffin operates as Uber's banking partner in the United Kingdom.
Sources · 7 sources
- CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: UK bank Griffin secures $20M funding to expand its stablecoin infrastructure The funding values the bank at over $100M and will support stablecoin reserve services and the development of on-chain cross-border payment rails. https://t.co/SDodLnGEh4
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: UK bank Griffin raised $20 million in a Series B round led by Octagon Partners to develop stablecoin services and add card issuing. Griffin plans to develop stablecoin reserve capabilities and integrate onchain cross-border payments into its embedded banking platform, which serves more than 80 companies.
Open source - CO
CoindeskArticle ·
UK bank Griffin raises $20 million to expand into stablecoin payments The Series B funding round, led by Octagon Partners valued the London-based company at more than $100 million.
Open source - TF
Tech Funding News@TFNBreakingNewsPost on X ·
🇬🇧 Griffin has closed a $20 million Series B funding round led by @Octagon. https://t.co/Kkbz0ujhnf @NotionCapital, A+ Ventures, @NordicNinjaVC, @BreegaVC, and other existing investors participated in the round. #uktech #banking #fintech #innovation #investment #valuation #vcfunding #funding
Open source - CB
Crypto BriefingArticle ·
Griffin raises $20M at a valuation above $100M to build stablecoin services Griffin's stablecoin services could accelerate the integration of traditional banking with blockchain, reshaping cross-border transactions. The post Griffin raises $20M at a valuation above $100M to build stablecoin services appeared first on Crypto Briefing .
Open source - CO
CoinDesk@CoinDeskPost on X ·
LATEST: UK bank Griffin raises $20M at a $100M+ valuation to build stablecoin reserve services and onchain cross-border payment rails. https://t.co/PY4Z5xAurx
Open source - CT
Coin TelegraphArticle ·
Uber’s UK banking partner Griffin raises $20M for stablecoin services The Series B valued Griffin at more than $100 million and will help fund stablecoin reserve services and onchain cross-border payments.
Open source