Navra, a Las Vegas-based financial technology company led by Figure and SoFi co-founder Mike Cagney, has closed an oversubscribed US$19 million Series A funding round. The investment was led by Ribbit, with participation from Baseline, DCM, Jump Crypto, and Figure Technology Solutions. The company is building a regulated bridge that makes blockchain access easier for retail investors and institutions.
Strategic Investor Support
The oversubscribed round drew a mix of early Figure backers and new strategic investors from the digital asset and fintech sectors. Ribbit led the Series A, while Baseline and DCM joined as founding Figure investors. Jump Crypto and Figure Technology Solutions also participated, reflecting strong confidence in Navra's approach to regulated blockchain infrastructure.
Founder Track Record and Mission
Navra was started by Mike Cagney, co-founder of SoFi and Figure, and is headquartered in Las Vegas. His track record across financial services and blockchain technology shapes the company's emphasis on practical market adoption, regulatory alignment, and institutional-grade controls. Navra aims to become a reliable bridge between traditional finance and blockchain for individual and institutional participants alike.
Platform for Retail and Institutional Users
Navra provides a single intuitive interface across desktop and mobile for accessing multiple blockchain venues. The product offers direct on-chain access to yield protocols and cash rails through keyless self-custody that satisfies qualified custody requirements. An embedded AI agent supports users, while institutions gain enterprise team management, role-based controls, full audit trails, and fund accounting integrations.
Removing Barriers to Adoption
Mike Cagney, Navra's co-founder and CEO, noted that blockchain DeFi protocols are the best foundation for the US$6 trillion asset based finance market. He said three major obstacles have slowed the migration of real dollars: user experience, keyless qualified custody, and enterprise control. Navra's technology is designed to remove those barriers for both individual and institutional participants.
Figure Partnership and Regulated Yield
Alongside the funding announcement, Navra revealed that Figure will serve as its first blockchain partner. Navra has integrated Figure's Democratized Prime yield protocol and YLDS, the first SEC-registered yielding stablecoin. The two companies are also collaborating to integrate Figure's trading markets into the Navra solution, expanding user access to regulated digital asset products.
AI Native Growth Strategy
Navra operates as an AI native company, applying artificial intelligence across product, engineering, legal, finance, and marketing functions. Proceeds from the Series A will fund AI infrastructure, platform expansion, and new customer and partner acquisition. This capital allocation supports the company's broader goal of scaling its regulated blockchain access platform and white-label offerings.
Product Rollout and Availability
Navra is currently working with a cohort of design partners to refine the product experience ahead of its public launch. A limited rollout to retail and institutional users is scheduled for late October, with white-label availability as a complete app or embeddable modules coming shortly after. Interested users can join the waiting list at www.navra.com.
Navra's US$19 million Series A represents a meaningful step toward connecting traditional capital with blockchain-based markets. With strong investor support, an active Figure partnership, and a clear product roadmap, the company is positioned to address the main adoption barriers. Its progress will be closely watched as it begins onboarding retail and institutional users in the coming weeks.