UK embedded bank Griffin completes $20 million Series B funding round

on November 12, according to an official announcement from Griffin, UK embedded bank Griffin closed a $20 million Series B funding round led by Octagon Partners, with a post-money valuation exceeding $100 million. Existing investors including Notion Capital, A+ Ventures, Nordic Ninja, and Breega participated in the round.

Griffin stated that the funds will be used to expand card issuance and stablecoin services, including developing stablecoin reserve-related capabilities and integrating on-chain cross-border payments. Its banking infrastructure currently serves over 80 enterprises and processes nearly 10 million payments annually.