Griffin Raises $20 Million Series B to Expand Its Embedded Banking Platform
Octagon Partners led the round for the UK-licensed bank, which says it will add card issuing and stablecoin services as it works toward profitability.
LONDON — Griffin, the UK-licensed bank and embedded-banking provider, announced a $20 million Series B on Nov. 12, 2026. Octagon Partners led the round, with existing investors Notion Capital, A+ Ventures, Nordic Ninja and Breega also participating, according to the company.
Griffin says it will use the funding to expand its embedded banking platform into card issuing and stablecoin services, including reserve management and on-chain cross-border payment integration. The company has also described reaching profitability as a goal; that remains a forward-looking target rather than a reported result.
The round reportedly values Griffin at more than $100 million. That private-market valuation is not a measure of operating performance, and the company did not disclose the specific terms of the investment in its announcement.
The expansion strategy brings bank-led account infrastructure closer to newer payment rails. Its execution will depend on partner and customer demand, regulatory permissions, operational resilience and how Griffin manages safeguarding and settlement across any stablecoin-related services.