Figure is a financial technology company that manages digital assets and can be used for completing financial and investment transactions.
Figure Technologies offers consumer financial solutions for home improvement, debt consolidation, and retirement.
Figure was co-founded in 2018 by Mike Cagney, June Ou, Alana Ackerson, and Cynthia Chen. The company is based in San Francisco, California, with offices in Bozeman, Montana and Reno, Nevada.
Figure Technologies is building a blockchain protocol to fundamentally transform how financial products are originated and transacted.
Figure is leveraging blockchain, AI and advanced analytics to unlock new access points for consumer credit products that can transform the financial lives of it's customers.
Figure uses its own blockchain, Provenance, which has a native token, Hash. It is a “permissioned, proof-of-stake protocol that acts as a global ledger, registry and exchange across assets and markets. Members include global financial institutions that act as stakeholders, originators, lenders.
Figure is backed by RPM Ventures, Ribbit Capital, DCM, DCG, Nimble Ventures and others. The company raised $103M from a latest Series C financing on Dec 02, 2019. This brings Figure's total funding to $223M to date.