Sixth Street backs blockchain lender Figure with $200M investment

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Global investment firm Sixth Street has invested $200 million in Figure Technology Solutions, a US-based lender that uses blockchain technology to boost efficiencies and lower costs in the lending market. 

According to a Feb. 27 report by The Wall Street Journal, the investment will allow Figure to issue up to $2 billion in new loans. It will also help the company expand into other lending markets. 

Figure Technology primarily issues home improvement loans but also offers business loans and debt consolidation services. It also operates a personal…



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Sixth Street backs blockchain lender Figure with $200M investment


Global investment firm Sixth Street has invested $200 million in Figure Technology Solutions, a US-based lender that uses blockchain technology to boost efficiencies and lower costs in the lending market. 

According to a Feb. 27 report by The Wall Street Journal, the investment will allow Figure to issue up to $2 billion in new loans. It will also help the company expand into other lending markets. 

Figure Technology primarily issues home improvement loans but also offers business loans and debt consolidation services. It also operates a personal…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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