Figure Technologies closes $200m Series D funding round
Blockchain technology firm Figure has closed a $200 million Series D funding round led by 10T Holdings and Morgan Creek Digital.
The round, which values Figure at $3.2 billion, also featured HOF Capital, Endeavour Capital, National Bank Holdings, and L1 Digital.
Figure claims it is “transforming” the financial service industry through blockchain technology for loan origination, equity management, and payments.
The firm says it brings speed, efficiency, and savings to both consumers and institutions.
Figure uses Provenance, a public, open source, decentralised blockchain. The platform hosts its digital asset marketplaces.
They include home lending, capital table management, fund management and administration, banking, and payments.
Founded in 2018 by Mike Cagney, former CEO of SoFi, it has raised $1.6 billion over ten funding rounds, with a third of these raking in more than $100 million.
“This investment is going to give us the resources we need to further fuel our mission of leveraging blockchain to reinvent the financial services industry,” says Cagney.