The Series D round gives Figure a $3.2 billion valuation. The fintech is still awaiting the verdict for its Fintech Charter application, which, if successful, will likely push more crypto firms to apply.
Fast growth: Much like other trading apps, pandemic-induced market volatility and ultra-low interest rates helped Trade Republic surpass 1 million users and €6 billion (6.84 billion) in assets under management (AUM), per CNBC, up from 150,000 users and €1 billion ($1.14 billion) in AUM in April last year.
By contrast, ESG-based assets are on track to be worth $53 trillion in 2025, or a third of total global assets under management, as asset managers scramble to meet investor demand. This is in part due to millennials, who tend to be climate-conscious and are expected to hold five times as much wealth as they do today by 2030 thanks to a $68 trillion generational wealth transfer.
Andreessen Horowitz to raise $1 billion for third and biggest crypto fund: The VC firm follows its peers in doubling down on the crypto sector, suggesting global blockchain funding will reach a new record this year.