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SoFi founder Mike Cagney’s already well-funded new startup is raising another $100 million

SoFi founder Mike Cagney’s already well-funded new startup is raising another $100 million

4 years ago
Anonymous $6AJGTL-6_8

https://techcrunch.com/2019/12/01/sofi-founder-mike-cagneys-already-well-funded-new-startup-is-raising-another-100-million/

Figure Technologies, a nearly two-year-old, San Francisco-based fintech cofounded by Mike Cagney, the founder of the more established fintech company SoFi, is raising a whole lot of money — again.

By February of this year, Figure had already raised $120 million in equity funding from a gaggle of investors, including RPM Ventures, partners at DST Global, Ribbit Capital, DCM, DCG, Nimble Ventures, and Morgan Creek. In May, it announced that it had closed an up to $1 billion uncommitted asset-based financing facility on its own custom blockchain with Jefferies and WSFS Institutional Services.