UK bank Griffin raises $20 million in Series B funding
In short
UK bank Griffin raised $20 million in a Series B round led by Octagon Partners. The London-based company was valued at more than $100 million.
The money is meant to help Griffin expand into stablecoin payments. That could support its push deeper into crypto-linked banking services.
What the reporting says
UK bank Griffin raised $20 million in a Series B round led by Octagon Partners, with the London-based company valued at more than $100 million. The funding is tied to Griffin’s plan to expand into stablecoin payments. The round signals fresh investor backing for the bank’s crypto-linked payments push.
Why it matters
UK bank Griffin raised $20 million in a Series B funding round led by Octagon Partners, and the company was valued at more than $100 million. The funding is being used to expand into stablecoin payments. That links the bank more directly to crypto payment infrastructure and could matter for fintech investors watching stablecoin adoption.