Blockchain fintech
Figure is rumored to be raising $100 million at a valuation of more than $1 billion according to Bloomberg. It offers real estate-related loans. This month the company expects to originate $80 million in finance, up from $59 million in April. Figure’s CEO Mike Cagney, previously co-founded SoFi, known for refinancing student loans. SoFI raised $2 billion while Cagney was CEO, including $1 billion from SoftBank.
To date, Figure has already raised $130 million, after a $65 million
Series B in February and currently has 160 employees.
The company has a heavyweight board of advisors including former SEC chairman, Arthur Levitt, former FDIC Chairwoman Sheila Bair, former Digital Asset CEO Blythe Masters, Global Atlantic CIO Anup Agarwal and Andy Sandler, founder of Buckley Sandler.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
