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.
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.
Figure raises a $1,200,000,000 series C round from Morgan Creek Digital.
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.
Figure raises a $65,000,000 series B round from DCG, Nimble Ventures, DCM Ventures, Ribbit Capital, RPM Ventures and Morgan Creek Digital.
COO and Co-founder