The funding follows regulatory approval for the Banking as a Service platform to exit mobilisation.
"This pivotal moment is only possible because of the support of our investors, the guidance from our regulators and the commitment of our people. A big thank you to all our existing investors and a warm welcome to all our new investors. We look forward to working with all our investors in this exciting new chapter for Griffin"
The financing round was led by Khosla Ventures with participation from Gaingels and Illusian.
"The global behavioral healthcare sector is grappling with a critical workforce supply challenge. Care providers are experiencing burnout, and services are stretched thin, operating on slim margins."
The financing round was co-led by Greylock and DST Global Partners with participation from existing backers and angel investors.
"Lapse doesn't let you upload or edit in ways that other platforms encourage, Everyone on Lapse plays by the same rules, which creates a space where it's OK to share all moments, not just the glamorous."