Figure Technologies Secures $787.5M to Propel FinTech Growth

Figure Technologies has successfully secured $787,500,000 in investment capital from investors. The company operates as a technology platform designed to power a more efficient, transparent, and liquid marketplace across various financial sectors. This significant funding round emphasizes the company’s strong position within the fintech industry and its ongoing efforts to innovate. At its core, Figure Lending LLC, a key entity within Figure Technologies, is recognized as the largest non-bank provider of home equity lines of credit. Its advanced software has been instrumental in originating more than $14 billion for over 160,000 homeowners. Figure’s technology is widely embedded across a broad network of loan originators and capital markets buyers, and is directly utilized by homeowners in 49 states and Washington, DC, showcasing its extensive market penetration and operational scale in modern lending. This substantial injection of capital underscores significant investor confidence in Figure’s established market position, its innovative technological framework, and its strategic vision for modernizing financial services. Figure Technologies plans to strategically deploy these funds to accelerate its growth initiatives, further enhance its proprietary technology platform, and expand its market reach into new opportunities. The investment is anticipated to bolster Figure's capacity to continue transforming financial marketplaces, driving greater efficiency, transparency, and accessibility for both consumers and institutional partners. The new funding round is poised to support Figure Technologies' ongoing expansion plans, enabling the company to further its mission of creating more streamlined and robust financial ecosystems as it continues its trajectory of growth and innovation.