UK embedded bank Griffin completes $20 million Series B funding round
Original headline英国嵌入式银行 Griffin 完成 2000 万美元 B 轮融资
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UK embedded bank Griffin has raised a $20 million Series B led by Octagon Partners at a valuation above $100 million, with existing investors Notion Capital, A+ Ventures, Nordic Ninja and Breega participating. The London-based firm will use the funds to expand its card-issuing and stablecoin services, including building stablecoin reserve capabilities and integrating on-chain cross-border payments. Griffin's banking infrastructure currently serves more than 80 businesses and processes close to 10 million payments annually. The raise signals continued investor appetite for regulated banking rails that connect traditional finance with stablecoin settlement. What to watch next is whether Griffin discloses which stablecoins or chains it will support and how quickly its reserve and cross-border offerings go live.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Griffin, Octagon Partners, A+ Ventures, Notion Capital, Breega, Nordic Ninja