Figure Technology has filed for an IPO on Nasdaq, aiming to raise capital with Goldman Sachs, Jefferies, and BofA Securities as lead bookrunners. Revenue rose 22.4% to $191 million in the first half of the year, with a profit of $29 million, a turnaround from a $13 million loss the previous year. Figure is notably positioned as a major player in blockchain-based lending while expanding into cryptocurrency lending, allowing asset owners to secure loans against Bitcoin and Ethereum.
Figure Technology's IPO paperwork shows a 22.4% revenue increase, with $191 million earned in six months and a profit of $29 million compared to a $13 million loss last year.
Figure claims to be the largest non-bank provider of home equity lines of credit, leveraging blockchain technology for expedited approval processes in loans.
Collection
[
|
...
]