What is Figure?
Figure Technologies, headquartered in San Francisco, California, is a forward-thinking financial technology firm that harnesses blockchain technology to revolutionize lending and financial services. Established in 2018, Figure offers a diverse portfolio of financial products, including home equity lines of credit (HELOCs), home improvement loans, personal loans, and mortgage refinancing. The company's proprietary blockchain network, Provenance Blockchain, is central to its operations, facilitating streamlined loan origination, servicing, financing, and securitization. This technological integration enables faster transaction approvals and enhanced efficiency compared to traditional lending models. Figure's platform manages the entire lending lifecycle, from application to funding, often completing processes in days. Beyond lending, Figure also provides Figure Pay, a payment solution for consumers. By integrating blockchain, artificial intelligence, and advanced analytics, Figure aims to reduce operational costs, increase transparency, and elevate the customer experience in consumer lending.
How much funding has Figure raised?
Figure has raised a total of $2.5B across 8 funding rounds:
Series A
$50M
Multiple Rounds
$1.2B
Debt
$100M
Series D
$200M
Other Financing Round
$200M
IPO
$787.5M
Series A (2018): $50M with participation from Ribbit Capital, Mithril Capital Management, and DCM Ventures
Series B (2019): $65M led by Ribbit Capital, Nimble Ventures, RPM Ventures, DCM Ventures, DST Global, Morgan Creek Capital Management, and DCG
Debt (2019): $1B supported by Jefferies Financial Group and WSFS Institutional Services
Series C (2019): $103M featuring MUFG Innovation Partners and Morgan Creek Digital
Debt (2021): $100M backed by JPMorgan Chase & Co.
Series D (2021): $200M with participation from DCM, Morgan Creek Digital, HCM Capital, Digital Currency Group, and 10T Holdings
Other Financing Round (2025): $200M led by Sixth Street
IPO (2025): $787.5M supported by Ribbit Capital
Key Investors in Figure
Ribbit Capital
Ribbit Capital is a venture capital firm that invests globally in unique individuals and brands who are aiming to disrupt financial services. Headquartered in Palo Alto, Ribbit believes the category is profoundly under-innovated and is looking to support entrepreneurs who have already launched the businesses of the future. The company was founded in 2012.
DCM Ventures
Digital Cinema Media (DCM) is the market leader in cinema advertising, providing a range of services including campaign planning, production, and audience insights. They cater to brands looking to enhance their advertising strategies through the power of cinema, offering tools like the KPI Maximiser and DCM Campaign Planner. DCM also collaborates with various cinema partners to showcase successful case studies and maximize brand value perception. Their offerings are designed to help clients effectively reach and engage with diverse film audiences.
Morgan Creek Capital Management
Morgan Creek Capital Management is an asset manager founded by Mark Yusko, the former CIO of the University of North Carolina Endowment. Morgan Creek uses an endowment-like approach to investing, specializing in targeting opportunistic-focused investments. The firm has decades of investment experience and relationships around the globe, and is a thematic investor focusing on important secular trends such on innovative technology, digital assets, the wealth transfer to developing markets, next generation consumers, as well as demographics and new models in healthcare.
What's next for Figure?
With a major enterprise-level funding context and a recent strategic investment, Figure is poised for accelerated expansion and further development of its blockchain-based financial solutions. The substantial capital infusion is expected to fuel innovation, enhance platform capabilities, and potentially broaden its market reach. The company's focus on streamlining lending processes through its proprietary blockchain technology positions it to capture a larger share of the digital lending market. Future strategic moves may involve expanding its product offerings, forging new partnerships, and further solidifying its position as a leader in the intersection of fintech and blockchain.
See full Figure company page
