Figure

Figure

Blockchain | Blockchain (Lending)
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  • FOUNDING YEAR: 2018
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    2 Jul, 2019

Description

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:
June Ou, Michael Cagney
INVESTORS:
DCM Ventures, Ribbit Capital, Mithril Capital Management

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$50 Millions
DATE OF LAST FUNDING:
May 2018
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 Millions Closed: May 2018
LISTED:
NO

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