Co-founded by Cagney, the former SoFi CEO, Figure is eyeing early next year and a $2.5 billion public valuation for LendCo, according to documents viewed by Bloomberg.
A Figure spokesperson declined to comment to the news service.
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The Evolution of Digital Originations in Mortgage Lending
Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
Estimated reading time: 0 minutes, 22 seconds
Figure Plans to Go Public, Lays Off 20% of Staff
Mike Cagney’s Figure Technologies has let go 90 employees, representing around 20% of its headcount, while at the same time, the company is planning to take its profitable LendCo lending division public. So reports Bloomberg.
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