San Francisco-based fintech business firm Figure Technologies has secured $58 meg in a recent funding round which aims to raise a total of $103 million.

Co-ordinate to a filing with the Us Securities and Exchange Committee, Figure — which is the creator of Provenance, a blockchain platform to rail supply bondage — has raised over $58.8 million in a full equity offering of $103 million.

In February, Figure raised $65 1000000 in Series B disinterestedness funding, which brought the company'south total equity funding to over $120 million. At the time, the circular was led past early on-stage majuscule firm RPM Ventures and venture fund DST Global, with the participation of investment firms such every bit Morgan Creek, Ribbit Majuscule and Nimble Ventures, amid others.

Co-ordinate to TechCrunch, Effigy was founded past Mike Cagney — the founder of fintech firm SoFi — and his wife June Ou, along with an ex-CEO of the Thiel Foundation, Alana Ackerson.

Contempo investments into the industry projects

Recent months have seen a range of industry-focused investments. Payment processor PayPal led a $4.two million funding round for cryptocurrency run a risk direction platform TRM Labs, and decentralized payment processing company Radpay secured $i.2 meg in a seed round, with the participation of investment firms Resiliency Ventures and BlackLaunch.

Also, in mid-November, U.k.-based cryptocurrency data and wallet provider Blockchain.com was reportedly on rail to lend out more than $120 million that month. The firm had been quietly building its loan desk to be competitive with firms like Genesis Global Trading and BlockFi.

Worth noting, the Q3 report of institutional digital asset lending firm Genesis Capital showed a growing demand for cash and stablecoin lending. The study showed a significant increase in the portfolio of Genesis Uppercase, representing 31.ii% of its active loan portfolio, upwardly from 23.v% at the stop of Q2 and 14.0% at the end of final year.