On October 7, The Block reported that Navra, a fintech company founded by SoFi and Figure co-founder Mike Cagney, has completed an oversubscribed Series A funding round of $19 million, led by Ribbit Capital. Early investors Baseline and DCM also participated, with Jump Crypto and Figure Technology Solutions as strategic investors. Navra offers a single interface to access multiple blockchain venues: directly connecting to DeFi yield protocols and cash channels, providing keyless self-custody that meets qualified custodial requirements, and featuring built-in AI agents. The institutional version includes enterprise team management and full audit tracking. Figure is its first blockchain partner, having integrated its Democratized Prime yield protocol and the first SEC-registered yield-bearing stablecoin, YLDS. The product will have a limited release in late October, followed by a white-label solution.
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SoFi Co-Founder Cagney's New Company Navra Raises $19 Million Led by Ribbit
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