Figure Technologies Secures $587M for Lending Platform

Figure Technologies has successfully secured $587,000,000 in new investment capital from investors, marking a significant milestone for the financial technology firm. This substantial funding round reinforces Figure's market position and its commitment to advancing its mission of powering a more efficient, transparent, and liquid marketplace through innovative technology. The company operates a robust technology platform designed to streamline complex financial processes. Figure Lending LLC, a key division, is recognized as the largest non-bank provider of home equity lines of credit. Its advanced software has facilitated the origination of over $14 billion for more than 160,000 homeowners. Figure's technology is not only utilized directly by homeowners in 49 states and Washington, DC, but also deeply embedded across a broad network of loan originators and capital markets buyers, demonstrating its widespread integration and impact. This considerable influx of capital is critical for Figure Technologies' ongoing expansion and strategic objectives. The company plans to use the funds for accelerated growth initiatives, including further developing its proprietary technology platform and broadening its product offerings. This investment underscores investor confidence in Figure's ability to drive innovation and deliver value within the evolving financial services landscape. Looking ahead, Figure Technologies aims to leverage this funding to deepen its commitment to technological advancement and market expansion. The company intends to continue enhancing its capabilities to streamline financial market operations, improve accessibility, and solidify its leadership in digital lending and financial infrastructure, positioning it for sustained growth in the years to come.