One of the biggest challenges in consumer financing is still the largest of credit access. Old systems continue to slow down approvals, increase costs, and reduce access to capital. Figure technology solutionsIn its general file to submit about 26.3 million shares, it determines itself as a company that can, among other things, to update the consumer lending process by including artificial intelligence (AI) and Blockchain in the aromatic of the loan, subscription and secondary market trading.
Founded in 2018, the number began to lend home shares, but since then he built what you say is a vertical integrated model linking construction, market distribution and implementation of capital markets. Recently S-1 It puts how the company seeks to expand from home stock loans to a wide range of credit productsWith the creation of markets for digital assets and stablecoins. The administration argues that combining AI’s automation and Blockchain can reduce the inefficiency of the lending markets and provide faster and easier credit.
A fragmented scene
“The infrastructure that supports today’s capital markets is fragmented and works on old systems any Use old operations for loan approvals and transactions processing. This creates inefficiency in the process and the cost in serving the consumer credit markets and limits the development of alternative markets, “according to the provision of the deposit.” Moreover, manual elements that support ownership records, transfer of financial assets restricting liquidity, maintaining high costs, and aiming at errors. “
The company’s platform was built on Proveenance Blockchain, which it describes as a “truth record” of assets. Each loan arose through its system on Blockchain is recorded, providing a non -changing record of ownership and performance. The form combines this with automatic evaluation models, the offense, and the smart contracts that govern the sales of loans and transfers. This approach has allowed the company to shorten the approval times of the HELocs dependence lines to an average of 10 days of the average industry of 42 days. Loan requests can be completed in five minutes, with funding available in less than five days.
The form is estimated at the process of lending and capital markets by about $ 185 billion of annual revenue capabilities, based on consumer credit assets and market trading. In addition to lending, management targets the distinctive symbol and stablecoins as growth opportunities. The external expectations mentioned in the deposit estimate can reach the distinguished code of assets of $ 16 trillion by 2030, while the Stablecoin market may approach 5 trillion dollars during the same period.
The deposit claims that the company has achieved profitability and its size in a way that saves capital. Revenue forms are designed on fees of assets, service, Win On loan sales, technology use. Endowment that carries a partner mark, where banks and constructive mortgage use the number platform under their own brand, representing 77 % of total assets. Figure 168 was an active partner as of mid -2015.
The company has also built an organizational infrastructure to support its ambitions. It holds more than 180 lending and service licenses, 48 money -in -law licenses, and SEC registration as a dealer broker with an alternative trading system. Internationally, it has encrypted licenses in the Cayman Islands and Ireland. The administration argues that this licensing framework distinguishes it from competitors and will support the scaling of new products.
From the deposit:
- Household stock growth: During the 12 months ending on June 30, 2025, the number made about $ 6 billion in lending, an increase of 29 % over the previous year. Heloc has grown to the company with an annual growth rate of 70 % since mid -2011.
- Figure Connect Marketplace: Marketplace was launched in June 2024, when the market made $ 1.3 billion in the loan size in its first year. The platform links the creators and investors directly, with 27 participants On board the plane By mid -2015.
- Revenue and profitability: During the six months ending June 30, 2025, net revenues amounted to $ 191 million, an increase of 156 million dollars in the period of the year. The net income reached 29 million dollars, compared to a loss of 13 million dollars A year ago. The modified Ebitda, a rough scale for cash flow, reached $ 83 million, or more than twice the previous year.
- Various products: Despite Helocs makeup 99 % of present Assets, the number is to drive debt, digital, digital, digital service loans Assets Loans, and plan for Move In personal loans, cars and students.
- Public subscription revenues and expansion: The company plans to use the public subscription revenues to invest in developing new products, expanding its loan market, and volume initiatives such as Prime Democratized, Financing Market, Exchange of ID, Organized Trading Applet, YLDS, and SEC’s standing stand.
Challenges and risks
The deposit is recognized by the risks that may slow down the adoption. Dependence on the artificial intelligence of credit decisions raises compliance considerations for fair lending under the Federal State Law and State Law. While automation reduces errors, the organizers closely monitor how the algorithm -based subscription affects borrowers through credit levels.
Blockchain adoption also faces the opposite wind. Despite the strong growth in the distinctive symbol, less than 1 % of the assets in the real world It is currently registered On Blockchains, according to the industry data mentioned in the deposit. The expansion of the shape in products such as Prime Democratized and Yilds Stablecoin has not yet made meaningful revenues.
And in spite of The number 2 trillion dollars above has a wide range of consumer asset categories, including Helocs, mortgage ReinteibilityPersonal cards loans, credit cards and cars, lending home stocks are the basic work of the companyAnd demand It is a periodic, linked to housing markets and interest rates. The slowdown of mortgage activity or the high costs of consumer credit may affect construction sizes and revenue growth.
