The Series B valued Griffin at more than $100 million and will help fund stablecoin reserve services and onchain cross-border payments.
UK-based digital bank Griffin raised $20 million in a Series B round led by Octagon Partners, valuing the company at over $100 million.
The funding will support Griffin’s plans to expand into card issuance and stablecoin services, according to a Thursday press release.
Griffin plans to let companies offer branded retail and corporate debit cards through its platform, with credit cards to follow. The bank also plans to expand its stablecoin reserve services and add onchain cross-border payments.
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