Figure’s consumer marketplace volume more than double
Activity in Figure Technology Solutions’ consumer loan marketplace more than doubled over the past year, the company reported, also noting interest coming from a host of partners on its exchange platform.
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The buildout of Figure Connect played a large part in recent company growth since its rollout in mid-2024. The platform was designed to facilitate trading for loan holders and originators on the private market.
“In essence, it’s really an asset and capital exchange marketplace, and that’s what we view as Figure Connect,” said Chief Financial Officer Macrina Kgil at the Piper Sandler Global Exchange and Fintech conference in June.
“Where Figure is benefiting from that is we receive a revenue for volume that goes through the marketplace. And we call that more of an ecosystem fee to be able to use our marketplace.”
By the end of this year’s first quarter, activity on Figure Connect had expanded to 56% of total marketplace volume, the company said.
The New York-based fintech counted 387 partners across all segments of its consumer loan marketplace at the end of March. Figure made its debut as a publicly traded company in third-quarter 2025.
With the release of the most recent data, Figure said it would move toward more frequent and immediate delivery of operational disclosures and volume. Rather than posting lagging historical monthly reports, it now intends to provide business metrics on a dedicated dashboard located on the investor page of its website each Tuesday.
Figure’s HELOC and DSCR developments
Long known
While it seeks to extend its reach into other technology products and loans, as evidenced by the introduction of an investor DSCR origination platform last year, Figure’s home equity lending remains a keystone of its strategy, with the high amounts property owners have available to draw from, Kgil said at the conference.
“HELOCs are becoming more trendy because there’s just more originators and banks entering into the overall ecosystem, which I think is very beneficial because people continue to understand what the loan product offers.”
In the most recent quarter, the company also acquired the investment real estate lender Kiavi through a partnership with Sixth Street. The merger is expected to add $7 billion in yearly volume to its balance sheet and boost its presence in the first-mortgage market. In its most recent earnings call, Figure hinted at potential moves into mortgage lending.
To help fund the acquisition, Figure announced earlier this week it would issue $600 million in senior notes through a private offering. The notes will be guaranteed, on a joint and several basis, by some of the company’s domestic subsidiaries.
