Figure

blockchainblockchain (lending)

FOUNDING YEAR: 2018
LOCATION: United States
Last Update: 17/07/2020

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About

Figure is a financial technology company that offers consumer credit products by leveraging blockchain, AI, and advanced analytics. It helps users to learn how to use home equity in order to consolidate debt, pay for home improvement or fund their retirement.

Focus

PRODUCTS & SERVICES

It offers equity release solutions like home equity lines of credit, home improvement loans, and home buy-lease back offerings for retirement. It is also building a blockchain protocol for the origination, custody, trading, and securitization of whole loans and other assets.

People

FOUNDERS

Cynthia Chen

June Ou

Michael Cagney

Sara Priola

NUMBER OF EMPLOYEES

51-200

INVESTORS:

DCM Ventures

Digital Currency Group

DST Global

Mithril Capital Management

Ribbit Capital

Ulu Ventures

KEY EMPLOYEES:

Alana Ackerson

Momentum

FUNDED

YES

TOTAL FUNDING

$226.59 M

DATE OF LAST FUNDING

Dec 2019

TOTAL FUNDING COMMENT

The company is planning to use the fund to utilize the blockchain as it tries to build a faster, cheaper and more secure way to create and package financial assets. It will build a system that facilitates financing, that would ultimately act as a market where people can buy and sell credit(May 2018).

FUNDING SERIES

SERIES A  · $50 M  · May 2018

SERIES B  · ---  · Apr 2019

SERIES C  · $103 M  · Dec 2019

OTHERS  · $73.59 M · Feb 2019

DEBT FUNDING

$1 B

LISTED

NO

ICO

20000000

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