Figure Completes $200 Million Series D
“This investment is going to give us the resources we need to further fuel our mission of leveraging blockchain to reinvent the financial services industry,” said
Earlier this month, Apollo (NYSE: APO), a high-growth, global alternative asset manager, announced its affiliates had entered into an agreement to collaborate with Figure on blockchain related initiatives. Apollo chose to work with Figure for its focus on and knowledge of financial services. Figure provides a range of blockchain-enabled solutions for institutions and individuals, including digital fund services that hold the promise of simplifying fundraising, distribution, and secondary trading for the private fund market.
Commenting on the collaboration,
Figure is using Provenance, a public, open-source, permissionless, decentralized blockchain, for its digital asset marketplaces including lending, capital table management, fund management and administration, and payments application. Learn more at Provenance.io.
Figure is transforming the trillion dollar financial services industry using blockchain technology.
In three short years, Figure has unveiled a series of fintech firsts using blockchain for loan origination, equity management, private fund services, and payments — bringing speed, efficiency and savings to both consumers and institutions. The company was founded in 2018 by serial technology entrepreneur
SutherlandGold for Figure