Uber’s UK banking partner Griffin raises $20M for stablecoin services
Summary
UK digital bank Griffin raised $20 million in a Series B led by Octagon Partners, valuing it at more than $100 million. It will use the funds to expand into branded debit cards, later credit cards, stablecoin reserve services and onchain cross-border payments. Griffin says its platform serves over 300,000 customers through more than 80 companies, including Uber, and reports recurring revenue was 3.2 times higher year over year at its September fiscal year-end, based on unaudited accounts.
