Articles from Figure Technology Solutions

Figure Technology Solutions (“Figure”), a technology platform building the blockchain-based capital markets of the future, has entered into a financing agreement with Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit. The transaction includes the sale of Figure’s first – and the industry’s first – pool of Crypto-Backed Loans. This milestone accelerates Figure’s Crypto-Backed Loan business, which enables asset owners to borrow against Bitcoin and Ethereum holdings, to achieve scale.

Figure Technology Solutions (“Figure”), a technology platform powering a more efficient and liquid marketplace for financial products, today announced that its DART electronic lien registry has achieved significant ecosystem traction among warehouse providers, investors and originating partners. DART is a core component of the Figure Connect loan marketplace.

Figure Technology Solutions (“Figure”), a technology platform powering an efficient, liquid, blockchain-based marketplace for financial products, and Sixth Street, a leading global investment firm, today announced the formation of a new joint venture vehicle in which Sixth Street’s Asset Based Finance platform has committed to invest $200M of equity. This commitment is unique in that it can be recycled and used for future Figure production driving additional liquidity for Figure private credit loans.

Houzz Inc., the leading platform for home remodeling and design, empowering industry professionals and their clients with all-in-one project management and design software, and Figure Lending, LLC (“Figure”), the nation’s largest non-bank provider of home equity lines of credit (HELOC)1, today announced a marketing partnership to make financing more accessible for home renovation and design projects.

Figure Technology Solutions (“Figure”), a technology platform powering a more efficient and liquid marketplace for financial products, today announced that Macrina Kgil, a seasoned finance executive, joined as Chief Financial Officer.

Figure Technology Solutions (“Figure”), the technology platform streamlining the private credit and housing markets, today announced the launch of Figure Connect, a first-of-its-kind blockchain-based multi-seller, multi-buyer marketplace of private credit loans.

Figure Technology Solutions (“Figure”), provider of a disruptive and scaled technology platform built to enhance efficiency and transparency in financial services, today announced the appointment of Michael Tannenbaum as Chief Executive Officer and a member of the Board of Directors, effective immediately. In conjunction with the appointment, Mike Cagney, Co-Founder and previous Chief Executive Officer of Figure, has assumed the role of Executive Chairman.

Figure Technology Solutions (“Figure”), provider of a disruptive and scaled technology platform built to enhance efficiency and transparency in financial services, today announced the launch of its AI-powered chatbot built using the latest generation of large language models. This strategic launch demonstrates Figure's commitment to harnessing the power of artificial intelligence and machine learning to help drive Figure’s transformative solutions for the lending ecosystem and maintain a highly consistent loan portfolio. With its already existing AI/ML processes spanning from advanced prospect targeting capabilities to processes designed to streamline operations, Figure continues to demonstrate its prowess in integrating AI into everyday operations, offering efficiency and effectiveness in serving and targeting its customers.

Figure Technology Solutions (“Figure”), provider of a disruptive and scaled technology platform built to enhance efficiency and transparency in financial services, today announced that it will begin making its DART System, a combined lien and eNote registry service, available to private and wholesale lending partners, initially for the HELOC product and eventually to other lending products.