Items Tagged with 'Figure Technologies'

ARTICLES

  • Figure Technologies lands $1 billion blockchain investment to revolutionize HELOC lending

    Partnership with Jefferies and WSFS Institutional Services creates massive financing facility
    Blockchain lending startup Figure Technologies launched with a promise to disrupt home equity lending using cutting-edge technology, and it appears to be well on its way to achieving this mission. The company announced Thursday that it closed on an asset-based financing facility on blockchain of up to $1 billion alongside Jefferies and WSFS Institutional Services. CEO Mike Cagney said the facility "paves the way for the first securitization on chain, which will demonstrate the massive cost savings, risk reduction and liquidity benefits blockchain delivers."
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  • Will sale-leasebacks change how homeowners tap into their equity?

    Figure Technologies says it has a better solution than reverse mortgages and HELOCs
    In just its second year of operating, Figure Technologies has already raised more than $120 million in capital. While at the LendIt Fintech conference in San Francisco this week, I sat down with TJ Milani, Figure's VP of finance and strategy, and Patrick Silberstein, senior director of capital markets, to discuss the company's strategy behind its sale-leaseback product and its plans to disrupt the home equity market.
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  • Figure Technologies expands leadership team

    Hires former Fidelity exec and chief economist to advance mission to help homeowners access equity
    Figure Technologies announced its intention to shake up home equity lending in the fall, and now it's making key hires to help achieve this goal. The fintech company is the brainchild of former SoFi co-founder and CEO Mike Cagney, who launched the company last March with the goal of leveraging AI, blockchain and advanced analytics to revolutionize home equity lending.
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  • Former SoFi CEO Mike Cagney’s blockchain lending startup Figure raises $65 million

    Plans to use new funding to continue expansion
    Figure Technologies, the blockchain lending startup co-founded by former SoFi CEO Mike Cagney, grew throughout its first year of business last year. And now, the company will have some new funding to continue its expansion as Figure announced recently that it raised $65 million in its Series B equity funding round.
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  • Alternative equity release products give homeowners another choice

    Homeownership investors and sale-leaseback companies offer debt-free equity access
    For most people looking to tap their equity, a home equity loan or line of credit is the traditional route. But now, a number of innovative products have come to market that help homeowners tap into their equity – without incurring any debt. Here's a rundown of some of the alternative equity release products on the market right now.
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  • Figure Technologies debuts sale lease-back product

    Billed as a reverse mortgage alternative, the Figure Home Advantage targets the Boomer market
    Figure Technologies, led by former SoFi Founder and CEO Mike Cagney, just launched a sale lease-back product to give homeowners another way to access their home equity. The company said the Figure Home Advantage, which it calls an alternative to reverse mortgages, is ideal for those looking to bolster finances in retirement.
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  • Former SoFi CEO Mike Cagney's blockchain lending startup Figure unveils first loan program

    Launches first home equity loan product, grants approval in 5 minutes, funds in 5 days
    Figure Technologies is aiming to shake up home equity lending. Co-founded by former SoFi CEO Mike Cagney earlier this year, Figure leverages blockchain, AI and advanced analytics to elevate the lending process for homeowners looking for access to their equity. The company just announced the release of its first product – the Figure Home Equity Loan – which offers borrowers a completely digital experience at an impressive clip.
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