Navra Raises $19M Series A for Mike Cagney Latest Fintech Venture

Startups15 days ago

Ribbit led a funding round for Navra, a new venture focused on expanding accessibility to on-chain securities and lending markets. The startup secured $19M in a Series A to simplify decentralized finance and remove barriers for users interacting with on-chain financial assets.

Navra was founded by Mike Cagney, who previously co-founded the fintech firm SoFi and the blockchain-based lending platform Figure. The company aims to build a tool and service ecosystem that makes on-chain lending and securities more intuitive and available to a broader market.

Mapped to your portfolio

Possible scenarios

38%Early Product Traction0.0%
24%Figure Ecosystem Lift0.0%
22%Governance Overhang Returns0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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Navra Raises $19M Series A for Mike Cagney Latest Fintech Venture

In this story

Navra Mike Cagney Ribbit Capital

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

38%Early Product Traction0.0%
24%Figure Ecosystem Lift0.0%
22%Governance Overhang Returns0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.