Figure Revenue Jumps 92% as Consumer Loan Marketplace Expands

Figure Technology Solutions ’ latest quarter underscored how quickly the company is moving beyond its roots in home equity lending and into a broader marketplace model built around mortgages, consumer credit and blockchain-based capital markets, as loan originations and platform activity continued to accelerate. Consumer loan marketplace volume, as reported on Tuesday (May 12), reached $2.9 billion in the first quarter, up 113% year over year, while adjusted net revenue climbed 92% to $167 milli