The post Figure IPO Date, Valuation & More: The Blockchain-Powered Lender Is Going Public appeared on BitcoinEthereumNews.com.

Figure Technologies is the latest blockchain-powered fintech preparing to hit the public markets. Started in 2018 by Mike Cagney, the former CEO of SoFi, it has grown into the largest non-bank provider of home equity loans in the U.S.  The company’s main edge is its own blockchain, called Provenance, which helps it approve and process loans much faster and at lower cost than traditional lenders. Now, Figure is preparing for a big step: a U.S. initial public offering (IPO). It filed to go public in August 2025 and plans to trade on Nasdaq under the ticker “FIGR.”  At the top of its price range, the company could raise more than $500 million and reach a valuation of about $4.1 billion. With billions in loans already made and its first profits reported in 2025, Figure’s IPO has become one of the most talked about blockchain-fintech events of the year. Key highlights: Figure IPO date: Filed in August 2025, FIGR stock is expected to debut on Nasdaq by late September. Valuation: The IPO seeks about a $4.1 billion valuation, raising up to $526 million at $18–$20 per share. Ticker symbol: Figure will list under FIGR on the Nasdaq Global Select Market. Financials: Revenue hit $190M in H1 2025 with $29M profit, making Figure profitable before going public. Business model: Figure uses the Provenance blockchain to speed up lending, cut costs, and support new products like crypto-backed loans. What is Figure Technologies? Figure Technologies is a fintech company that uses blockchain to make lending faster and more efficient. It was founded in 2018 by Mike Cagney, the same entrepreneur who started SoFi, and his wife June Ou. The company’s first focus was on home equity lines of credit (HELOCs). These are loans that let homeowners borrow against the value of their homes. What…

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Filed under: News - @ September 4, 2025 9:29 pm