UK Bank Griffin Completes $20M Series B Round, Will Expand Card Issuance and Stablecoin Business

November 12 — UK bank Griffin has completed a $20 million Series B funding round led by Octagon Partners, valuing the company at over $100 million. Existing investors including Notion Capital, A+ Ventures, Nordic Ninja and Breega also participated in the round. The funds will be used to expand card issuance and stablecoin-related services.

Griffin previously completed a $24 million funding round in March 2024, led by MassMutual Ventures, Nordic Ninja and Breega; at that time Griffin also formally obtained a full banking license. It now provides bank accounts and the Uber Pro Card to Uber UK drivers and couriers, serving over 80 platform clients and more than 300,000 users, and processing about 10 million payments annually.