{
  "id": 770215,
  "title": "Figure revenue doubles as blockchain loan marketplace volumes surge",
  "url": "https://urgent.news/2026/08/13/figure-revenue-doubles-as-blockchain-loan-marketplace-volumes-surge",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T13:29:28.000Z",
  "source": {
    "name": "CoinDesk",
    "slug": "coindesk",
    "url": "https://www.coindesk.com/business/2026/08/13/figure-revenue-doubles-as-blockchain-loan-marketplace-volumes-surge"
  },
  "original_language": "en",
  "account": null,
  "summary": "Figure Technology Solutions (FIGR), a blockchain lending firm co-founded by former SoFi CEO Mike Cagney, reported a more than doubling of its revenue in the second quarter, driven by a surge in lending activity across its marketplace. The company's net revenue reached $226 million for the quarter ended June 30, up 113% from a year earlier, with net income climbing 192% to $87 million. Growth was particularly notable in Figure's Consumer Loan Marketplace, where volume surged to $4.3 billion, up 132% from the previous year. CEO Michael Tannenbaum reported that weekly loan applications surpassed $1 billion in July, and the company added 102 loan-origination partners during the quarter, bringing the total to 489. FIGR shares rose roughly 5% in premarket trading on Thursday, extending a 10% gain from the previous day.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}