Golden
Figure (company)

Figure (company)

Figure is a San Francisco-based company that uses blockchain technology to provide home equity loans online.

Figure is a San Francisco based company that provides home loans. It's also offering wealth management, unsecured consumer loans, and checking accounts offered in partnership with an existing bank.



Figure has stated that it targets older customers who may not have income but do have real estate.

Product

Figure's flagship product is Figure Home Equity Loan Plus, a fixed-rate loan. From September 2018 to February 2019, Figure funded more than 1,500 HELOCs for members across 36 states.



Figure built and deployed Provenance, a distributed stakeholder blockchain, in 2018. The company leverages the security, efficiencies and cost advantage of blockchain for loan origination, financing and sales and has a diverse set of funds, banks and dealers active on Provenance.

Timeline

February 27, 2019

Figure raises $65 Million in Series B funding 

The round was led by RPM Ventures and partners at DST Global, with participation from investors Ribbit Capital, DCM, DCG, Nimble Ventures, Morgan Creek and others.

People

Name
Role
Related Golden topics

 June Ou

COO and Co-founder

SoFi

Anthony Noto

CEO

Twitter

Mike Cagney

Co-founder

So-Fi

Further reading

Title
Author
Link
Type







Documentaries, videos and podcasts

Title
Date
Link





Companies

Company
CEO
Location
Products/Services









References