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Mike Cagney's fintech startup Navra raises $19 million Series A led by Ribbit Capital

Navra, a fintech startup founded by SoFi and Figure co-founder Mike Cagney, secured $19 million in an oversubscribed Series A funding round ahead of an initial product rollout in late October.

The Navra company logo centered on a white card against a blue background.
Image: @TheBlockCo

Navra, a fintech startup led by SoFi and Figure co-founder Mike Cagney, has raised $19 million in an oversubscribed Series A funding round led by Ribbit Capital, The Block reported. The funding round also drew participation from Baseline, DCM, Jump Crypto, and Figure Technology Solutions.[5][2]

The platform is designed to make on-chain lending and securities markets more accessible by providing retail and institutional investors with access to decentralized finance lending, borrowing, and trading through a single interface. Techmeme noted that the funding round was reported by Axios.[2][4]

Navra plans to initiate a limited rollout for both retail and institutional customers in late October. Figure is scheduled to serve as Navra's first blockchain partner, with white-label solutions planned to follow.[5]

Key facts

  • Navra raised $19 million in an oversubscribed Series A funding round led by Ribbit Capital.
  • Baseline, DCM, Jump Crypto, and Figure Technology Solutions participated as investors in the round.
  • Navra was founded by Mike Cagney, who co-founded SoFi and Figure.
  • The platform provides retail and institutional users access to DeFi lending, borrowing, and trading via a single interface.
  • Navra plans to launch a limited rollout for retail and institutional customers in late October.
  • Figure will act as Navra's first blockchain partner, with white-label offerings scheduled to follow.

Sources 路 5 sources

  1. TS

    The SaaS News@TheSaaSNewsPost on X 路

    Navra Raises $19M Series A #Financial #Blockchain #AI #AIAgent #Finance #AIPlatform #Fintech #SeriesA #Funding #Navra https://t.co/awWBPzkwpd

    Open source
  2. FC

    Frank Chaparro 馃嚫馃嚞@fintechfrankPost on X 路

    SoFi and Figure co-founder Mike Cagney has raised $19M for Navra, a new platform designed to give retail and institutional investors access to DeFi lending, borrowing and trading through a single interface. Ribbit Capital led the round, with Jump Crypto and Figure among the strategic investors. https://t.co/nc4kLY6xOQ

    Open source
  3. CB

    Crypto BriefingArticle 路

    Mike Cagney鈥檚 Navra raises $19M Series A led by Ribbit Capital Navra's funding and strategic partnerships could accelerate blockchain adoption, potentially reshaping retail and institutional finance landscapes. The post Mike Cagney鈥檚 Navra raises $19M Series A led by Ribbit Capital appeared first on Crypto Briefing .

    Open source
  4. TE

    Techmeme@TechmemePost on X 路

    Navra, founded by SoFi and Figure co-founder Mike Cagney to make on-chain lending and securities markets more accessible, raised a $19M Series A led by Ribbit (@ryanlawler / Axios) (Visit Techmeme dot com for the link and full context!)

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  5. TB

    The Block@TheBlockCoPost on X 路

    THE BLOCK: Navra, a fintech startup led by SoFi and Figure co-founder Mike Cagney, has raised $19 million in an oversubscribed Series A round led by Ribbit Capital, with participation from Baseline, DCM, Jump Crypto and Figure Technology Solutions. Navra said it plans a limited rollout to retail and institutional customers in late October, with Figure as its first blockchain partner and white-label offerings to follow.

    Open source