Summary
- Figure Technology Soultions officially announced its transition to an IPO.
- It reported that first half year revenue was $43.8 million and net income was $29.1 million, marking a significant improvement compared to the same period last year.
- Figure stated that its cumulative loan volume across blockchain-based home loans, virtual asset lending, and a digital asset exchange has reached $16 billion.
The blockchain-based lending platform Figure Technology Soultions (hereinafter "Figure") has formalized its initial public offering (IPO).
On the 18th (local time), Bloomberg News reported that Figure has shifted its IPO, which was initially filed confidentially earlier this month, to a public process.
In documents submitted to the SEC on the same day, Figure reported revenue of $43.8 million and net income of $29.1 million for the first half of this year. This contrasts with the $12.5 million in revenue and $15.6 million net loss recorded in the same period last year.
Figure is a company founded in 2018 by SoFi co-founder Mike Cagney. Its main businesses include home equity loans using blockchain, virtual asset (cryptocurrency) lending, and a digital asset exchange. Figure's cumulative loan volume has reached nearly $16 billion.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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