Figure Technologies, a US-based online lending platform backed by financial services firm Mitsubishi UFJ Financial Group, has raised $200m in series D capital co-led by 10T Holdings and Morgan Creek Digital.
DCM, Digital Currency Group, HCM Capital, Ribbit Capital, RPM Ventures, DST Global and a range of unnamed investors also took part in the round, which valued the company at $3.2bn.
Founded in 2018, Figure has built digital asset marketplaces including home lending, capital table management, fund management and administration, banking and payments, using a blockchain technology called Provenance.
The money will drive continued business growth. Sachin Jaitly, general partner at Morgan Creek, and Stan Mironshik, partner and co-founder of 10T, will join the board.
Figure previously closed a $103m series C round backed by MUFG Innovation Partners, an investment vehicle for Mitsubishi UFJ Financial Group, in 2019. Morgan Creek Digital led that round, which included new and existing investors, and valued the company at $1.2bn.
