Key Takeaways
- • Navra, a fintech company led by Figure and SoFi co-founder Mike Cagney, closed an oversubscribed $19 million Series A funding round, according to the company's announcement.
- • Ribbit led the round alongside founding Figure investors Baseline and DCM, with strategic investors Jump Crypto and Figure Technology Solutions also participating.
- • Navra positions its platform as a bridge between traditional finance and blockchain, offering individuals and institutions access to curated on-chain venues, DeFi yield, and new trading markets.
- • The platform includes an embedded AI agent, keyless self-custody, and institutional features such as role-based enterprise wallet management, qualified custody, and audit trails.
- • Navra's white-label modules and standalone app give partners a route to offer the same on-chain access under their own brands.
Summary
Navra, a financial technology company headquartered in Las Vegas, has announced that it closed an oversubscribed $19 million Series A funding round. The company was started by Mike Cagney, co-founder of SoFi and Figure, and the round was led by Ribbit. Other founding Figure investors Baseline and DCM also participated, alongside strategic investors Jump Crypto and Figure Technology Solutions. The announcement did not disclose a valuation.
According to the company, Navra is designed as a bridge between traditional finance and blockchain. Its mobile and desktop application gives both individuals and institutions a single interface to curated on-chain venues. Stated features include access to DeFi yield, new trading markets, an embedded AI agent, and keyless self-custody.
For institutional users, Navra describes enterprise wallet management with role-based controls, qualified custody, full audit trails, and data integration with administration and accounting systems. The same platform can be deployed as white-label offerings for partners, either as modules or as a standalone app.
The round's composition, with founding investors from the Figure network joined by crypto-focused strategic backers, indicates continued investor interest in infrastructure connecting regulated finance with on-chain markets. The company's announcement emphasized its product scope rather than specific user, asset, or revenue metrics.
According to the company, Navra is designed as a bridge between traditional finance and blockchain. Its mobile and desktop application gives both individuals and institutions a single interface to curated on-chain venues. Stated features include access to DeFi yield, new trading markets, an embedded AI agent, and keyless self-custody.
For institutional users, Navra describes enterprise wallet management with role-based controls, qualified custody, full audit trails, and data integration with administration and accounting systems. The same platform can be deployed as white-label offerings for partners, either as modules or as a standalone app.
The round's composition, with founding investors from the Figure network joined by crypto-focused strategic backers, indicates continued investor interest in infrastructure connecting regulated finance with on-chain markets. The company's announcement emphasized its product scope rather than specific user, asset, or revenue metrics.
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