UK bank Griffin raises $20 million in Series B funding, plans to expand card issuance and stablecoin services
Let's break this story down:
UK bank Griffin has raised $20 million in a Series B round led by Octagon Partners, valuing the company at over $100 million. Existing investors including Notion Capital, A+ Ventures, Nordic Ninja, and Breega also participated in the round. The funds will be used to expand its card issuance and stablecoin-related services. Griffin previously raised $24 million in March 2024 in a round co-led by MassMutual Ventures, Nordic Ninja, and Breega. At the time, Griffin also officially received a full banking license.
Key takeaway: $100 million
My take: Raising money is a good thing, but turning that money into a product is another matter. I recommend looking at the team's track record of delivering, rather than the amount raised.
#市场解读 #稳定币 $BP $META
$BTC
Let's break this story down:
UK bank Griffin has raised $20 million in a Series B round led by Octagon Partners, valuing the company at over $100 million. Existing investors including Notion Capital, A+ Ventures, Nordic Ninja, and Breega also participated in the round. The funds will be used to expand its card issuance and stablecoin-related services. Griffin previously raised $24 million in March 2024 in a round co-led by MassMutual Ventures, Nordic Ninja, and Breega. At the time, Griffin also officially received a full banking license.
Key takeaway: $100 million
My take: Raising money is a good thing, but turning that money into a product is another matter. I recommend looking at the team's track record of delivering, rather than the amount raised.
#市场解读 #稳定币 $BP $META
$BTC
