# Griffin raises $20M to expand into cards and stablecoin services

_Published Thursday, November 12, 2026 at 6:06 AM EST · Capital, Products · Latest · Tier 2 — Notable_

![Griffin raises $20M to expand into cards and stablecoin services — Primary](https://media.thenextweb.com/2026/11/griffin-bank-team-black-hoodies-courtyard.jpg)

UK banking platform Griffin has raised a $20M Series B led by Octagon Partners to fund expansion into card issuing and stablecoin services. The round values the company at over $100M.

Griffin lets fintechs and platforms embed accounts and payments into their products. Its card expansion starts with branded retail and corporate debit cards, with credit cards planned to follow. The bank is also developing stablecoin reserve capabilities and integrating on-chain cross-border payments.

Griffin says more than 80 companies use its infrastructure. It reported recurring revenue growth of 3.2 times year-on-year in the 12 months to September 2026, based on unaudited accounts.

## Sources

- [The Next Web](https://thenextweb.com/news/griffin-bank-20m-series-b-cards-stablecoins)

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Canonical: https://techandbusiness.org/newswire/tsY748gB9Uf2dO9QEo_2yR
Published: 2026-11-12T11:06:01.874Z
Story chronology: 2026-11-12T10:00:10.000Z
Retrieved: 2026-11-12T13:01:52.759Z
Publisher: Tech & Business (techandbusiness.org)