SoFi co-founder raises $19M to connect traditional investors to on-chain markets
What's the deal? NavraDealroom has a profile for this one. Try Dealroom →, the latest startup from SoFi and FigureDealroom has a profile for this one. Try Dealroom → co-founder Mike Cagney, has raised $19 million in Series A financing. The money will fund its push to make on-chain lending and securities markets more accessible to traditional investors.
What's the endgame? Navra wants to bring traditional capital onto the blockchain. Doing so requires making crypto wallets and lending protocols easier to use for mainstream investors.
Why now? Cagney has a track record of building fintech firms that bridge old and new finance, from SoFi's consumer lending to Figure's blockchain-based products. Navra extends that pattern into on-chain markets.
The signal: A $19 million Series A behind a repeat fintech founder points to continued investor appetite for bringing conventional capital into decentralised finance — provided the tools get simple enough to use.
Read more: Axios
Image credit: Generated with Gemini
