Navra, a fintech company led by Mike Cagney (마이크 캐그니), a co-founder of Figure and SoFi, has raised $19 million in Series A funding.
The company said Ribbit led the investment.
Navra helps individual and institutional investors directly access multiple blockchain exchanges, yield products and payment networks through a single app.
Users can self-custody assets without directly managing complex crypto keys. The company explained that this custody method also meets asset custody rules applied to institutional investors.
Navra also provides AI agents to assist users. Institutional clients can manage accounts by team and track all transaction records. The company also offers the platform as a white-label service that other companies can use under their own brands.
Chief Executive Cagney said, "Blockchain decentralised finance (DeFi) is the best foundation for the $6 trillion asset-based finance market, but the actual money has not moved over yet." He said user experience, keyless qualified custody and enterprise control functions were obstacles and that Navra addresses them.
Chi-gyu Hwang
delight@d-today.co.kr