What is Figure?
Headquartered in San Francisco, Figure Technologies operates at the intersection of blockchain innovation and consumer finance. The company utilizes its proprietary Provenance Blockchain to facilitate a wide array of financial products, including home equity lines of credit, personal loans, and mortgage refinancing. By integrating the entire lending lifecycle—from initial application to final securitization—onto a distributed ledger, Figure significantly reduces the time and cost associated with loan origination. This technological edge allows the firm to offer faster, more transparent services compared to legacy banking institutions, effectively positioning itself as a critical infrastructure provider in the evolving landscape of digital lending and automated financial services.
How much funding has Figure raised?
Figure has raised a total of $2.5B across 8 funding rounds:
Series A
$50M
Multiple Rounds
$1.2B
Debt
$100M
Series D
$200M
Other Financing Round
$200M
IPO
$787.5M
Series A (2018): $50M with participation from DCM Ventures, Mithril Capital Management, and Ribbit Capital
Series B (2019): $65M led by Ribbit Capital, Morgan Creek Capital Management, DST Global, DCG, RPM Ventures, DCM Ventures, and Nimble Ventures
Debt (2019): $1B supported by WSFS Institutional Services and Jefferies Financial Group
Series C (2019): $103M featuring Morgan Creek Digital and MUFG Innovation Partners
Debt (2021): $100M backed by JPMorgan Chase & Co.
Series D (2021): $200M with participation from Morgan Creek Digital, DCM, Digital Currency Group, HCM Capital, and 10T Holdings
Other Financing Round (2025): $200M led by Sixth Street
IPO (2025): $787.5M supported by Ribbit Capital
Key Investors in Figure
Ribbit Capital
A venture capital firm specializing in early-stage and growth-stage investments in companies that disrupt traditional financial services.
DCM Ventures
A global venture capital firm that partners with entrepreneurs to build world-class technology companies, with a strong focus on digital transformation.
Mithril Capital Management
A long-term investment firm that supports companies leveraging technology to create enduring value in industries ripe for structural change.
What's next for Figure?
With the successful completion of this major strategic investment, Figure is well-positioned to scale its Provenance Blockchain ecosystem and expand its suite of financial products. The company's focus remains on enhancing the efficiency of loan servicing and securitization, while potentially broadening its reach into new consumer payment solutions like Figure Pay. As the firm matures, the strategic deployment of this capital will likely center on deepening its integration with institutional partners and further refining its artificial intelligence-driven analytics to maintain its competitive advantage in the high-growth fintech market.
See full Figure company page
