Navra, the Las Vegas-based startup founded by SoFi and Figure co-founder Mike Cagney, has closed a $19 million Series A led by Ribbit Capital, with a limited platform rollout planned for late October 2026.

The round closed on October 6, 2026. Baseline, DCM, Jump Crypto and Figure Technology Solutions participated, alongside other strategic backers. Navra says the capital will fund expansion of its AI infrastructure and development of platform features designed to attract additional customers and partners.

What is Navra building?

The company positions itself as an AI-native screen that lets retail investors and institutions reach multiple blockchain venues, either directly or through white-label partners. The product targets two distinct audiences at once:

• Retail users, who want an experience that feels like an app.
• Institutions, who want controls, compliance and someone to call when something breaks.

Navra's answer is a single interface that sits in front of multiple blockchain venues. The white-label component carries particular operational weight: a financial firm could offer blockchain access under its own brand without building the underlying infrastructure from scratch. That distribution model gives Navra a second path to market beyond direct user acquisition, and gives incumbent financial institutions a route into DeFi without in-house engineering investment.

Why does the Figure partnership matter?

Navra has named Figure Technology Solutions as its first blockchain partner. The integration will bring in Figure's Democratized Prime yield protocol and the YLDS stablecoin.

YLDS carries a distinction most stablecoins do not: it is recognized as the first SEC-registered yielding stablecoin. It is a dollar-pegged token that pays holders a return and holds a regulatory registration that most tokens in the category lack. For Navra, anchoring its initial venue lineup to a registered instrument signals a compliance-first posture aimed squarely at the institutional segment it is courting.

Figure also brings scale. Its ecosystem generates over $2 billion in real-world assets on-chain each month, giving Navra's users access to an established tokenized-asset pipeline from day one.

The relationship between the two companies runs deeper than a partnership agreement. Cagney co-founded Figure, and before that he co-founded SoFi, the consumer finance company. Figure's participation in the Series A deepens that tie.

What comes next?

The rollout is staged. Navra expects to open the platform to a select group of retail and institutional design partners by late October 2026, with white-label access expected soon after. The company plans to refine the platform with this cohort before any public launch.

Cagney has framed the underlying opportunity in large terms. He claims blockchain DeFi protocols will disrupt the $6 trillion asset-based finance market, and points to three problems standing in the way: user experience, custody and enterprise control. Those are the friction points that keep many investors and institutions away from DeFi today.

Navra's staged rollout means the real test — whether a single AI-native interface can reconcile retail simplicity with institutional controls — begins when the design-partner cohort goes live in late October, ahead of a broader white-label launch in the months that follow.