COINTELEGRAPH · 2026-11-12 13:22 UTC

Uber's UK banking partner Griffin raises $20M for stablecoin services

UK digital bank Griffin raised $20 million in a Series B round led by Octagon Partners, valuing it at over $100 million. The funding will support expansion into card issuance and stablecoin services, including branded debit cards, future credit cards, expanded stablecoin reserve services and onchain cross-border payments. Griffin says it serves over 300,000 customers through more than 80 companies, including Uber, and its recurring revenue at its September fiscal year-end was 3.2 times the prior year's level.

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