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- Figure Technology Solutions has filed an IPO, reporting growth and profitability of significant income in the first half of 2024.
- The company offers credit products based on blockchain and plans to list on the Nasdaq under the Ticker Figr.
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Figure Technology Solutions, a fintech based in New York which uses blockchain to modernize loans and capital markets, filed a registration declaration on the S-1 form with the SEC for an proposed initial proposal for its ordinary actions.
This decision comes after the filing of the confidential IPO in August in August and the place among the companies linked to cryptography seeking to operate public stock markets.
According to its new file, the company plans to be registered on the Nasdaq under the Figr Ticker, with Goldman Sachs, Jefferies and Bank of America leading the offer.
The figure, whose technology has made it possible to carry out more than $ 16 billion in home loans, changed profitability in the first half of 2025, with a net profit of 29.1 million dollars against a loss of $ 15.6 million a year earlier, while income jumped 22% on the back of the ecosystem and technology costs linked to its connection platform.
Partner brand loan products and securitization activity has propelled the growth of costs, while interest income has increased on preserved interest and new loans to digital active ingredients. The expenses have been maintained in check, helped by a sharp drop in stock -based remuneration, which results in an increase in operating income of almost 260% in the second quarter.
Co-founded in 2018 by Mike Cagney, a former co-founder and CEO of SOFI Technologies, was estimated at $ 3.2 billion during a financing round supported by a company in 2021.
The figure uses Openai Inc. technology for the assessment of loan applications and implements a chatbot propelled by Google Gemini of Alphabet Inc. The company is supported by Apollo Global Management, 10t Holdings and Ribbit Capital, among other investors.
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