Full-Time
Updated on 9/15/2026
Online home equity lending via blockchain
$118.8k - $178.2k/yr
No H1B Sponsorship
Remote in USA
Remote
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Figure is a financial technology company that provides online, blockchain-enabled access to home equity through products like HELOCs and mortgage refinancing. Its fully online application speeds funding to homeowners, often within five days, by streamlining the lending process and using blockchain to increase security and reduce costs. The company earns money from origination fees and interest on the loans, with competitive rates (as low as 3.49% APR). Its target market includes homeowners in multiple states (e.g., California, Florida, Texas, New York) and it plans to expand to more states. The goal is to simplify and accelerate home equity borrowing for homeowners while offering secure, efficient transactions and scalable nationwide coverage.
Company Size
501-1,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2018
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Health & wellness - Figure pays 100% of premium costs for employees and dependents for medical, dental, and vision insurance (with the exception of costs associated with the buy-up medical plan.)
Continuing education - Figure will reimburse eligible employees for approved continuing education that either offers growth in an area related to his or her current position or that may lead to promotional opportunities.
Flexible time off - We offer 10 company-wide holidays plus one personal holiday, generous Flexible Time Away (FTA), Paid Time Off (PTO), and Paid Parental Leave.
Bonus & stock options - Figure’s Bonus Plan recognizes and rewards eligible employees’ efforts and contributions. Eligible employees are also granted an option to purchase a set number of shares of Figure’s common stock.
Figure Technology Solutions has partnered with Sierra to deploy AI agents that help recover abandoned home equity loan applications. The collaboration uses Sierra's Horizon platform to tackle a significant industry problem: only 49% of home equity applications reach closing, according to the Mortgage Bankers Association. The AI agent autonomously contacts stalled applicants via voice and SMS over several days, helping them navigate friction points like credit checks and ID verification before transferring them to human loan officers. Early results show borrowers who engaged with the agent funded 67% more loan volume. When combined with loan officers, the system achieved a 143% lift in funded loan conversion compared to loan officers working alone. This marks the first US deployment of Sierra's Horizon platform, which enables agents to handle complex, revenue-generating tasks. Figure plans to roll out the integration to network partners in coming months.
Figure's marketplace volumes grew 130% year over year whilst revenue rose 95%, yet Fundstrat's Sean Farrell believes the blockchain-powered financial company remains undervalued by Wall Street. Farrell argues investors are treating Figure like a traditional lender rather than recognising its evolution into a blockchain-based capital markets marketplace. The company, which has roots in home equity lines of credit, now converts loans into standardised digital assets and operates the marketplace where they trade. Figure currently trades at roughly 11 times estimated 2027 EBITDA, a valuation Farrell says reflects a cyclical, capital-intensive lender. However, he notes the company is transitioning from loan origination to becoming primarily a marketplace operator. Farrell places Figure atop his list of companies "that leverage the blockchain to improve their operating margins and increase growth", suggesting the market misunderstands the business transformation underway.
The real-world asset market cap reached $71.02 billion on Monday, marking a 48.7% gain in 24 hours, according to CoinGecko. However, nearly all the increase came from Figure Heloc being added to tracking lists, not from actual price movements. Figure Heloc, a pool of home equity credit lines worth $22.81 billion, accounts for 32% of the RWA sector. Without it, the sector showed virtually no growth. The token turned over just $14.9 million in 24 hours, about 0.065% of its value. Meanwhile, meme coins fell 2.3% to $32.82 billion. Dogecoin dropped 4.1%, whilst Official Trump slid 9.9%. The contrast highlights a key difference: meme coins traded 13.2% of their market cap in 24 hours, whilst the RWA sector managed just 4%.
Figure Technology Solutions beat second quarter 2026 estimates but saw its net take rate fall to 3.6%, at the lower end of its 3.5% to 4% guidance range. Management attributes the decline to structural shifts rather than pricing pressure. The drop stems from Figure Connect, the company's tokenised loan marketplace launched in June 2024, which now handles 65% of consumer loan marketplace volume, up from 42% a year earlier. Management expects this to reach 70% over the medium term. Connect earns the lowest take rate among Figure's three volume channels, as large partners increasingly bypass Figure as intermediary. Despite the lower take rate, adjusted net revenue of $218 million exceeded consensus estimates of $212 million. Ecosystem and technology fees became the largest revenue contributor for the first time. Adjusted EBITDA margin expanded to 55% from 47% year-on-year.
The notes will be issued off of a pool of 3,525 first- and junior-lien revolving HELOCs that were recently originated. The deal will repay investors on the 25th of each month, and notes have a stated final maturity date of July 2056.