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Figure Surges with Blockchain Lending | Bitcoin and Crypto News
Description
Figure’s blockchain lending platform is exploding — revenue jumped over 100% to $226M, net income nearly tripled to $87M, fueled by a 132% surge in Consumer Loan Marketplace volume hitting $4.3B, with two-thirds flowing through their Figure Connect tool. They’ve onboarded 102 new loan partners (now 489 total) and are seeing weekly applications top $1B. Q3 projections aim for $4.8B–$5.2B in marketplace volume, plus an expected Kiavi acquisition later this year. The market’s taking notice: shares spiked 5% premarket after a 10% prior day gain — proof that putting lending on the blockchain is working.
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