Griffin raised more capital to expand its services.
Griffin has officially secured $20M at a $100M valuation to grow its banking infrastructure by bringing in stablecoins and card solutions.
This was led by Octagon Partners with others participating, including A+ Ventures, Breega, Nordic Ninja, and more.
It already services 300K+ clients for services like payroll, remittance, and payments.
Going Global with Stablecoin Cards
It used to be difficult to build international rails for payments.
Griffin is showing how stablecoins can be adopted by modern fintechs and banking-as-a-service platforms to reach clients all over the world.
Local and regional licenses, compliance standards, and offramp rails are still important. Yet the use-case for stablecoins in debit and credit card payments continues to rise.
Companies are now able to send, receive, and pay balances after working hours have ended and on weekends. This includes using custom or white-label infrastructure.
It remains to be seen which networks, partners, and stablecoins will be accepted.
Recently, stablecoin cards reached a volume peak in October.
