UK bank Griffin has raised $20 million in a Series B round to expand its card issuance and stablecoin-related services. According to PANews, Octagon Partners led the round, which valued the company at more than $100 million. Existing investors Notion Capital, A+ Ventures, NordicNinja, and Breega also participated.

Griffin previously raised $24 million in March 2024 in a round led by MassMutual Ventures, NordicNinja, and Breega. The company received a full banking license at that time.