Hi K Robot

Figure Technology Solutions (FIGR)

Category: 2025 IPO
Posted:

Overview

Figure Technology Solutions (NASDAQ: FIGR) is a fintech platform that applies blockchain-based infrastructure to consumer lending and capital markets workflows. Founded in 2018 by Mike Cagney, Figure focuses on HELOCs, private credit, and on‑chain loan trading/servicing.

Business

  • Programmatic, on‑chain workflows across origination, funding, servicing, and securitization.
  • Figure Connect pairs originators with buyers; aims for faster settlement and higher transparency.

IPO Details (2025)

  • Ticker: FIGR (Nasdaq)
  • Filing: S‑1 filed August 2025; pricing mid‑September 2025.
  • Range: $20–$22 per share after revision; offering upsized during roadshow.

Advantages & Risks

Advantages: standardized workflows, on‑chain transparency, growing partner network. Risks: regulatory change, credit performance, funding cycles.