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Figure CFO Macrina Kgil on Blockchain Lending, Stablecoins, and IPOs
Description
In this episode of Run the Numbers, CJ sits down with Figure Technologies CFO Macrina Kgil to break down how Figure’s business model works, why traditional lending remains so bloated, and how speed in origination and funding flows through financial performance. They also cover stablecoins, blockchain as invisible infrastructure, AI in accounting, and scaling finance with fewer than 35 people.
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LINKS:
Mostly Talent: https://mostlymetrics.typeform.com/to/cLTxtAsN
Guest: https://www.linkedin.com/in/macrina/
Company: https://www.figure.com/
CJ: https://www.linkedin.com/in/cj-gustafson-13140948/
Mostly metrics: https://www.mostlymetrics.com
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TIMESTAMPS:
0:00 Preview and intro
3:10 Working for a CEO who's a former CFO
5:00 What Figure does and how it makes money
6:57 Blockchain's first commercial use case
8:17 50%+ margins, path to 60%
9:23 Sponsors — Brex | Aleph | RightRev
12:56 HELOC origination: 45 days to 5 days
14:26 Where the lending system is bloated
15:56 Credit and liquidity as core risks
17:06 Blockchain makes the marketplace transparent
18:10 Risk as a fintech CFO