Source: STM.co
| Total Raise | $0 USD |
| Soft Cap | $0 USD |
| Raise Status | Closed |
| Minimum Investment | $0 USD |
| Accepted Investors | US Accredited |
| Exemptions | N/A |
| Instrument | HELOC Securitizations |
| Token Issuance Info | N/A |
| Price Per (FIGURE) | $1 USD |
| Token Issuance Platform | Figure Securities |
| Secondary Marketplace | Figure Securities |
| Blockchains Available On | Provenance |
| Security Type | Fixed Income |
| Asset Class | Private Credit |
| Ratings | - |
| Token Rights | N/A |
Founded in 2018, Figure Technology Solutions (āFigureā) is a technology platform built to enhance efficiency and transparency in financial services. Its subsidiary, Figure Lending LLC, is the largest non-bank provider of home equity lines of credit; its software has been used to originate more than $13B of home equity lines of credit. Figureās technology is embedded across a broad network of loan originators and capital markets buyers and is used directly by homeowners in 49 states and Washington, DC. With Figure, homeowners can receive approval for a HELOC in as fast as five minutes and initiate funding in as few as five days.
To date, Figure has embedded its HELOC in more than 135 partners, including Rate (formerly Guaranteed Rate), CrossCountry Mortgage, Movement Mortgage, Goodleap, and many other fintechs, depositories, and independent mortgage banks, as well as as more than 200 companies in the home improvement, solar and roofing industries.
