Blockchain-Based Lender Figure Files Publicly for IPO
Figure was co-founded in 2018 by Mike Cagney, who was part of the team that started SoFi Techologies Inc. and stepped down as chief executive officer in 2018.
Photographer: Ting Shen/BloombergBlockchain-based credit company Figure Technology Solutions Inc. filed publicly for an initial public offering, joining the rush of crypto-related firms entering the market.
The New York City-based company had net income of $29.1 million on revenue of $190.6 million for the six months ending June 30, compared with a net loss of $15.6 million on revenue of $156 million in the same period a year earlier, according to a filing Monday with the US Securities and Exchange Commission.