#LendTech / Figure Technologies applies for bank charter

Figure Technologies, a blockchain-based startup for providing loans against mortgage equity, has become the latest fintech player to apply for a bank charter.

Figure has originated more than $1 billion of home equity lines of credit since launching in 2018 and is planning to pilot a small-dollar instalment-loan product in January…

https://www.finextra.com/newsarticle/36900/figure-technologies-applies-for-bank-charter