Figure Lending LLC and Figure Technologies announced Wednesday (Nov. 1) an expansion of their partnership business, which includes an increased offering under the Lending-as-a-Service (LaaS) platform. This expansion comes as Figure’s partnership business has experienced significant growth since the third quarter of 2022. One of the...
Figure Technologies has reportedly laid off staff and is preparing for an initial public offering (IPO). The firm laid off 20% of its staff — 90 employees — this week, Bloomberg reported Friday (July 28), citing documents the media outlet had reviewed. The documents also showed that Figure...
Figure Technologies has reportedly cut its funding goal and may spin off some product lines. Bloomberg reported Monday (Feb. 6) that the startup building blockchain-based financial products aims to raise $100 million — one-third of the amount it had planned earlier and seemed to be...
Blockchain lending startup Figure Technologies has teamed up with mortgage FinTech Ready Life to launch a mobile app that lets customers get a mortgage without a credit score. The Ready Pay platform lets customers who pay their rent on time qualify for a mortgage without...
September 26, 2022
In the bid to change financial services, to broaden financial inclusion, the promise of challenger banks was that they’d upend the way financial products could be designed and could come to market. But the challengers have some challenges of their own, as Mike Cagney, CEO of Figure Technologies, told Karen Webster. Banking-as-a-service is becoming commoditized, […]
November 23, 2020
Blockchain and a bank charter might do much to boost financial inclusion. While many digital-first companies springboard from payments into lending, Figure Technologies, a FinTech focused on home improvement, debt...
April 27, 2020
Nothing brings money to top of mind like tax season — and tax refunds and stimulus payments, doled out in the wake of a pandemic known as the coronavirus. The...
December 10, 2019
Homeowners have trillions of dollars of untapped, but tappable equity in their properties. Yet, home equity lines of credit have a long way to go before rebounding to where they...
January 22, 2024
Blockchain and lending startup Figure Technologies is reportedly seeking approval from U.S. regulators to issue an interest-bearing stablecoin. If approved, this move would establish a new class of stablecoins with federal legitimacy and make Figure the first company to offer a regulated stablecoin in the United States, Bloomberg reported Monday (Jan. 22). Figure did not immediately reply to […]
November 01, 2023
Figure Lending LLC and Figure Technologies announced Wednesday (Nov. 1) an expansion of their partnership business, which includes an increased offering under the Lending-as-a-Service (LaaS) platform. This expansion comes as Figure’s...
July 28, 2023
Figure Technologies has reportedly laid off staff and is preparing for an initial public offering (IPO). The firm laid off 20% of its staff — 90 employees — this week, Bloomberg reported Friday...
February 06, 2023
Figure Technologies has reportedly cut its funding goal and may spin off some product lines. Bloomberg reported Monday (Feb. 6) that the startup building blockchain-based financial products aims to raise...
