US-based online lending platform developer Figure Technologies closed its $200m series D round on Wednesday with backing from cryptocurrency technology provider Blockchain.com.
The round was announced in May this year with news it was being co-led by 10T Holdings and Morgan Creek Digital and backed by DCM, Digital Currency Group, HCM Capital, Ribbit Capital, RPM Ventures, DST Global and unnamed others at a $3.2bn valuation.
The updated round includes financial services holding company National Bank Holdings, Rockaway Blockchain Fund, HOF Capital, Endeavour Capital, Goldentree Asset Management, L1 Digital and entities and funds managed and/or advised by affiliates of Apollo Global Management.
Founded in 2018, Figure has built digital asset marketplaces in areas including home lending, capital table management, fund management and administration, banking and payments, using a blockchain technology called Provenance.
The funding will drive continued business growth. Morgan Creek general partner Sachin Jaitly and Stan Mironshik, partner and co-founder at 10T, have joined Figure’s board of directors.
Figure closed a $103m series C round backed by MUFG Innovation Partners, a vehicle for financial services firm Mitsubishi UFJ Financial Group, in late 2019. Morgan Creek Digital led that round, which included undisclosed new and existing investors, valuing the company at $1.2bn.
The latest round boosted Figure’s overall funding to $425m. Its earlier investors include Ribbit Capital, DCM, RPM Ventures, DST Global, Morgan Creek, DCG, Nimble Ventures and online lender CreditEase’s Fintech Investment Fund.
This article was amended from an earlier version published on May 21, 2021.