Griffin closed a $20 million Series B round. It was led by the Octagon Partners fund, with Notion Capital, A+ Ventures, Nordic Ninja, and Breega also participating. The company is valued at more than $100 million.
The funds will go toward two areas: cards and stablecoins. For businesses, Griffin is developing reserve services for working with stablecoins and cross-chain payments on its banking platform. It has not disclosed which stablecoins will be launched or when.
Griffin holds a full UK banking license (2024). Its clients include more than 80 companies, including Uber and Yonder.
Continue reading this article on source: coindesk.com