Griffin raised US$20 million in a Series B round led by Octagon Partners. The UK bank for fintechs and platforms now has a valuation above US$100 million. It will use the funding to add card issuing and stablecoin services.
Funding and participants
Notion Capital, A+ Ventures, Nordic Ninja, and Breega joined as existing investors. Griffin did not disclose whether the valuation is pre-money or post-money. The financing will support the company through to profitability.
A growing customer base
Griffin launched as a fully licensed UK bank in 2024. It now powers over 80 companies, including Uber, Countingup, and Anna Money. The platform serves more than 300,000 underlying retail and business customers.
Cards and stablecoins
The card service will let customers launch branded retail and corporate debit cards. A credit card product is planned to follow. For stablecoins, Griffin is building reserve capabilities and on-chain cross-border payments.
Griffin reported unaudited recurring revenue growth of 3.2 times year on year through September 2026. The company has been named to the Sifted 250 and Tech Nation's Future Fifty 2026 cohort. It plans to move toward sustainable, profitable growth as it adds these products.