Griffin Eyes Stablecoin Expansion After Raising $20 Million
Griffin, a UK bank for FinTechs, raised $20 million to expand stablecoin services and card issuing.
In brief
Griffin, a UK bank for FinTechs, raised $20 million to expand stablecoin services and card issuing. Griffin raised $20 million in Series B funding to expand stablecoin and card services for over 80 companies. Originally reported by Pymnts.
Funding Round Details
Griffin raised $20 million in Series B funding, valuing the startup at $100 million.
Expansion Plans
Griffin will launch branded debit cards and credit cards for businesses.
Stablecoin Development
Griffin is building reserve capabilities for stablecoin market and cross-border payments.
Current Impact
Griffin powers banking for over 80 companies including Uber and Prosper.
At a glance
Griffin raised $20 million in Series B funding to expand stablecoin and card services for over 80 companies.
