Griffin, a UK bank that provides accounts, payments, and compliance infrastructure for fintechs and tech platforms to build into their own products, raised $20 million in Series B funding led by Octagon Partners at a valuation of more than $100 million. The money will go toward letting customers issue their own branded debit cards to consumers and businesses, with credit cards to follow, and toward stablecoin reserve services and on-chain cross-border payments. Griffin got its full UK banking license in 2024 and says it now serves more than 80 companies, including Uber.
