US-based blockchain technology company Figure Technologies has secured $200m in its oversubscribed Series D funding round.

The latest fundraising values the company $3.2bn.

The round saw the participation of new investors including entities and funds managed and/or advised by affiliates of Apollo Global Management,, Rockaway Blockchain, HOF Capital, Endeavour Capital, National Bank Holdings, Goldentree Asset Management and L1 Digital.

Figure co-founder and CEO Mike Cagney said: “This investment is going to give us the resources we need to further fuel our mission of leveraging blockchain to reinvent the financial services industry.

“We’re thrilled to be backed by these top-tier institutions and our recently announced collaboration with Apollo will be an invaluable addition as we expand our business further.”

Founded in 2018, Figure Technologies seeks to transform financial services industry using blockchain technology.

The company’s offerings include equity, mortgage refinance, personal loans and payment services.

Last year, Figure applied for a national bank charter in US.

Earlier this month, Figure partnered with asset manager Apollo on blockchain related initiatives.

Apollo senior partner and Credit John Zito Deputy CIO said: “We are excited to work with Mike and his team at Figure on a number of initiatives using Provenance blockchain technology specifically developed for our industry.

“This collaboration extends Apollo’s strategy of working with best-in-class fintech firms to seek the operational and cost benefits that blockchain and other technologies can bring to bear.”