Griffin raises $20 million for its agentic banking platform as it adds cards and stablecoins

Nov 12, 2026
The UK-licensed bank, whose embedded banking customers include Uber, is valued at over $100 million after a Series B led by Octagon Partners.

Griffin, a UK-licensed bank that provides banking infrastructure to fintechs and other platforms, has raised $20 million in a Series B round led by Octagon Partners that values it at more than $100 million, Beinsure reported. Existing investors Notion Capital, A+ Ventures, Nordic Ninja and Breega also took part.

Griffin calls itself an agentic banking platform, combining its own software and AI with a full UK banking licence. Companies use it to offer accounts, payments and compliance under their own brands. Since launching in 2024 it has grown from five test customers to more than 80 fintechs and platforms, including Uber, Countingup, Anna Money, Yonder and Prosper, which together serve more than 300,000 retail and business customers and make nearly 10 million payments a year.

The money will fund debit and credit cards and stablecoin-related services and carry the company toward profitability, for which it has not set a date. Griffin reported recurring revenue up 3.2-fold in the year to September 2026.

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