Figure
Figure Technology Solutions is a blockchain-based financial services company that originates and services home equity lines of credit (HELOCs) and other consumer credit products using the Provenance blockchain. Founded in 2018 by SoFi co-founder Mike Cagney and June Ou, Figure has become the largest non-bank HELOC originator in the United States and uses on-chain infrastructure to streamline loan origination, securitization, and capital markets execution. The company went public on Nasdaq in September 2025 under the ticker FIGR.
Public Company
Figure is publicly traded
IPO'd on September 11, 2025
This company is no longer available on our private secondary market. Shares can be traded publicly under FIGR.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2018
Employees
401–500
Total Funding
$476M
6 rounds
Last Private Valuation
$3.2B
May 2021
Funding
Total raised $476M across 6 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
IPO
Date
September 11, 2025
Amount
Not disclosed
Valuation
$6B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| September 11, 2025 | IPO | Not disclosed | $6B | N/A |
| May 2021 | Series D | $200M | $3.2B | 10T Holdings, Morgan Creek Digital |
| November 2019 | Series C | $103M | $1.2B | Morgan Creek Digital |
Funding by Round
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation Trajectory
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Seed
$0.1B
Apr 2018
Figure today
$6B
Sep 2025 · latest mark
Figure multiple
60.0x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Prominent Investors
Leadership
Michael Tannenbaum
Chief Executive Officer
Mike Cagney
Co-Founder and Executive Chairman
Macrina Kgil
Chief Financial Officer
Todd Stevens
Chief Capital Officer
Matt Hellwinkel
Chief Technology Officer
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Rocket Companies
Large mortgage and HELOC originator with scaled digital lending platform; competes with Figure in home equity lending.
SoFi Technologies
Consumer fintech and digital lender offering HELOCs and personal loans; founded by Figure CEO Mike Cagney's previous venture.
Better.com
Digital mortgage and HELOC lender competing in online home equity origination.
Hometap
Home equity investment platform offering homeowners cash in exchange for a share of home equity.
Point
Home equity investment fintech providing shared appreciation contracts to homeowners.
LoanDepot
Non-bank mortgage and HELOC originator competing in retail home lending.
Figure Investment FAQ
Figure FAQ
Yes, Figure is publicly traded under the ticker symbol FIGR on the Nasdaq Global Select Market. The company went public in September 11, 2025.
Figure trades under the ticker symbol FIGR on the Nasdaq Global Select Market. It began trading in September 11, 2025.
Figure (FIGR on the Nasdaq Global Select Market) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker FIGR to place an order.
Figure went public in September 11, 2025 via ipo, with an offering valuation of approximately $3.2B. Figure Technology Solutions completed its IPO on the Nasdaq Global Select Market on September 11, 2025 under ticker FIGR. The company priced 31.5 million Class A shares at $25 per share, raising approximately $787.5 million. Shares surged ~44% on debut, valuing the company at roughly $7.6 billion. Figure had confidentially submitted its draft S-1 with the SEC earlier in 2025.
Figure raised $476M across 6 disclosed funding rounds prior to its public listing.
Figure was founded by Mike Cagney in 2018.
Figure is headquartered in San Francisco, CA.
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