Figure Technologies closes $200m Series D funding round

Blockchain know-how agency Determine has closed a $200 million Series D funding round led by 10T Holdings and Morgan Creek Digital.

Mike Cagney, founder and CEO of Determine Applied sciences

The spherical, which values Determine at $3.2 billion, additionally featured HOF Capital, Endeavour Capital, Nationwide Financial institution Holdings, and L1 Digital.

Determine claims it’s “reworking” the monetary service trade by way of blockchain know-how for mortgage origination, fairness administration, and funds.

The agency says it brings pace, effectivity, and financial savings to each shoppers and establishments.

Determine makes use of Provenance, a public, open supply, decentralised blockchain. The platform hosts its digital asset marketplaces.

They embrace house lending, capital desk administration, fund administration and administration, banking, and funds.

Based in 2018 by Mike Cagney, former CEO of SoFi, it has raised $1.6 billion over ten funding rounds, with a 3rd of those raking in additional than $100 million.

“This funding goes to provide us the assets we have to additional gas our mission of leveraging blockchain to reinvent the monetary providers trade,” says Cagney.

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