Fintech company Navra, founded by SoFi and Figure co-founder Mike Cagney, has closed a $19 million Series A round led by Ribbit Capital. Other participants included Baseline, DCM, Jump Crypto and Figure Technology Solutions. The company is building an on-chain financial access point for both individual and institutional users. Its product plan includes DeFi yield protocols, trading venues, cash rails, keyless self-custody and AI features. Figure will serve as Navra’s first blockchain partner. Navra has already integrated Figure’s Democratized Prime yield protocol and YLDS, and it plans to add deeper connectivity with Figure’s trading marketplace. The financing was reported by Techub News, citing Wu Blockchain.
Fintech company Navra, founded by SoFi and Figure co-founder Mike Cagney, has raised $19 million in a Series A round led by Ribbit Capital, according to Techub News. Baseline, DCM, Jump Crypto and Figure Technology Solutions also joined the round.
Navra is positioning itself as an on-chain financial entry point for both retail and institutional users. The company said it plans to combine DeFi yield protocols, trading markets, cash rails, keyless self-custody and AI features within its offering.
Figure will act as Navra’s first blockchain partner. Navra has already connected to Figure’s Democratized Prime yield protocol and YLDS, and it plans to integrate Figure’s trading marketplace as well.
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