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Ripple Secures Highest Funding in Blockchain Industry in 2019, Overall Funding Down

Ripple Labs, the San Francisco-based blockchain startup, secured the highest funding in comparison to other peer blockchain companies in 2019. The latest report from CB Insights shows that Ripple raised $200 million in the Series C round last year.Among the companies that follow Ripple on the list are Figure Technologies, Digital Asset and PeerNova. However, the gap between the first and second positions is significant. However, even Ripple’s $200 million is a very small amount in comparison...

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Anthony Pompliano Joines Board of Figure Technologies as Firm Closes $103M Series C Round

A blockchain-powered financial services startup Figure Technologies founded by former SoFi CEO Mike Cagney, announced it has closed a $103 million Series C round. But, that is not all folks. It has also added Morgan Creek Digital’s Anthony “Pomp” Pompliano, one of the sector’s most vigorous supporters, to its board. That’s not a consequence because, according to the company’s announcement, the round was also led by Morgan Creek Digital, with participation from MUFG Innovation Partners and...

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Former SoFi CEO Mike Cagney’s Figure Technologies Raising Additional $100 Million

Mike Cagney, famous for being the founder and CEO (since 2017 ex-CEO) of SoFi fintech company, is reportedly aiming to raise funds money via another firm. Cagney co-founded a two-year-old San Francisco-based fintech firm known as Figure Technologies.By February 2019, Figure had already managed to raise $120 million in equity funding. The amount was brought to the project by a group of prominent investors including partners at DST Global, RPM Ventures, Morgan Creek, Ribbit Capital, Nimble...

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