The US startup is closing a $200 million Series D funding round at a $3.2 billion valuation.
In Brief:
10T Holdings and Morgan Creek Digital co-led the round, joined by DCM, Digital Currency Group, HCM Capital, Ribbit Capital and RPM Ventures.
Founder Mike Cagney previously built Social Finance into one of the country’s most valuable FinTech companies.
The startup uses blockchain technology for products including home lending, capital table management, fund management and administration, banking and payments.
What does this mean?
The funding will help the company hunt for deals for its lending operations, seek a national bank charter and build out Figure Pay, which offers services for individuals and helps merchants facilitate payments.
