MUFG Innovation Partners contributed to a round that boosted the valuation of the blockchain-based lending platform to $1.2bn.
US-based online lending platform Figure Technologies confirmed yesterday it has completed a $103m series C round that included MUFG Innovation Partners, an investment vehicle for financial services firm Mistubishi UFJ Financial Group.
The round was led by investment manager Morgan Creek Capital Management’s Morgan Creek Digital unit and included new and existing investors according to Figure. The deal valued it at $1.2bn post-money.
Figure’s platform processes and issue loans for home equity, mortgage and student loan refinancing, utilising a distributed…
