Figure Technology Solutions (FIGR) Piper Sandler Global Exchange and Fintech Conference summary

Business performance and growth

• Marketplace loan origination volume reached $1.4 billion in May, up 5% month-over-month and over 100% year-over-year for three consecutive months above $1 billion.

• Over 380 partners are now using the platform, contributing to sustained growth despite macroeconomic volatility.

• Since going public, approximately $10 billion in loans have been originated, with triple-digit annual growth in marketplace volume.

• Achieved the first AAA-rated blockchain-native securitization from both S&P and Moody's.

Technology and operational advantages

• Proprietary technology enables loan origination in as little as five days, compared to 45 days in traditional markets.

• Cost to originate a loan is under $1,000, significantly lower than the $11,000 typical in traditional channels.

• Blockchain infrastructure provides real-time, immutable loan data, reducing third-party review costs and increasing trust.

• Loan buyers can access live portfolio data, improving risk management and operational efficiency.

Product expansion and market opportunity

• Expanding beyond HELOCs to include first-lien mortgages, SMB loans using home equity, investment property loans (DSCR), and construction loans (RTL).

• Auto loans and other asset-backed categories are being added, leveraging partnerships like Agora Data.

• The addressable market is framed as $35 trillion in home equity, with HELOCs now used for broader purposes such as debt consolidation.