Figure

Figure is a financial technology company that leverages blockchain technology to offer a range of services including home equity lines of credit (HELOC), mortgage refinancing, and personal loans. Founded in 2018 by Mike Cagney, the company aims to streamline and modernize the lending process through its proprietary Provenance blockchain platform. Figure generates revenue by charging interest on loans and fees for its financial services. The company has rapidly grown, securing significant funding and forming partnerships with major financial institutions to expand its blockchain applications in the financial sector.

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