REGISTER NOW
Mortgage banker Homebridge Financial Services is merging with Figure Technologies just days after the fintech firm closed on a $200 million Series D financing round.
Figure was created by SoFi Technologies founder Mike Cagney after he was
forced out of that company in 2017 over allegations of inappropriate workplace behavior.
Figure uses its
blockchain technology to originate, finance, service and trade loans. It began with
home equity loans in 2018 and now also handles mortgage refinancings, student loan refinancings and personal loans. We are bringing together the most robust, powerful and efficient technology ever seen in lending and pairing that with a $25-billion-a-year loan originator with 150,000 customers we can introduce to new payment and lending products, said Cagney in a press release. We re going to deliver to this all-star loan origination team at Homebridge a tech platform on Provenance Blockchain that is going to double their capacity for ful
MLO, Ops, AE Jobs; Processing, Analytics, Jumbo, Underwriting Tools; M&A and News From the Wholesale Channel
mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.
Figure Announces Merger With Top Mortgage Lender Homebridge Financial Services
midfloridanewspapers.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from midfloridanewspapers.com Daily Mail and Mail on Sunday newspapers.
Figure Technologies, Inc., a San Francisco, CA-based provider of blockchain technology powered financial services, closed a $200m Series D funding at a $3.2 billion valuation.
Backers included new investors including entities and funds managed and/or advised by affiliates of Apollo Global Management, Blockchain.com, Rockaway Blockchain, HOF Capital, Endeavour Capital, National Bank Holdings, Goldentree Asset Management and L1 Digital.
Led by Mike Cagney, Co-Founder and CEO, Figure provides a range of blockchain-enabled solutions for institutions and individuals, including digital fund services for simplifying fundraising, distribution, and secondary trading for the private fund market. The company is using Provenance, a public, open-source, permissionless, decentralized blockchain, for its digital asset marketplaces including lending, capital table management, fund management and administration, and payments application.
Apollo Joins Forces With Blockchain Startup Figure in Tech Push
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.