Figure Technologies, a platform which manages digital assets, is looking to close a new funding on $103m.
The FinTech has raised up to $58m of its latest investment round, according to the latest US Securities and Exchange Commission filing. A target has been set at $103m for the round, but the document does not make it clear whether this is just a target or a hard cap.
There have been 36 accredited investors to take part in the round, so far.
This new round comes just months after Figure closed its Series B on $65m from investors including DST Global, Ribbit Capital, DCM, DCG, Nimble Ventures and Morgan Creek.
Figure utilizes AI and blockchain technology to enables consumers to get quicker access to their home equity. Users can complete the application online and borrow up to $150,000 on a fixed interest rate.
Other offerings from Figure include student loan and mortgage refinancing.
The company was founded by Mike Cagney who is also the founder of fellow FinTech company SoFi. US-based SoFi is an online personal finance company offering student loan refinancing, private student loans, personal and home loans, insurance and investing opportunities.
When SoFi raised its most recent round, which is closed earlier this year, it had a pre-money valuation of $4.3bn. The FinTech pulled in $500m back in May.
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