London-based banking infrastructure fintech Griffin has raised $20 million in a Series B funding round led by Octagon Partners, with participation from existing investors Notion Capital, A+ Ventures, NordicNinja, and Breega. The investment values the company at more than $100 million.
- Founded in 2017 by David Jarvis and Allen Rohner, Griffin operates as a licensed UK bank, providing banking infrastructure that allows fintechs and businesses to offer financial services without obtaining their own banking licences. Its platform supports bank accounts, payments, customer onboarding and compliance services.
- Since launching as a fully licensed bank in 2024, Griffin has expanded its platform to more than 80 companies, including Uber, Yonder, Countingup, ANNA Money and Prosper. The company serves over 300,000 underlying retail and business customers and processes nearly 10 million payments annually.
Details of the deal
- With the fresh capital, Griffin plans to expand its platform with card issuing and stablecoin services. The company is developing retail and corporate debit card capabilities, with credit cards planned for a later stage, alongside reserve banking services and on-chain cross-border payments. The funding will also support its growth towards profitability.
