Blockchain startup Figure raises $65m

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Home equity fintech startup Figure Technologies Inc., has raised $65 million investment from RPM Ventures and DST Global in a series B funding round.

Other investors who participated in the round included Ribbit Capital, DCM, DCG, Nimble Ventures, Morgan Creek and several individual investors.

Mike Cagney, Figure co-founder, and chief executive officer says: “We are encouraged by what we’ve accomplished in our first year, and this investment validates Figure’s market potential.

We originate, finance and sell every one of our loans on the Provenance blockchain, an industry first. From the diversity of our founding team to our alignment with our members’ financial success, we believe we’re building a different — and better — kind of technology company.”

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