SHIFT · US
Figure transforms from lender to financial network; $1bn weekly loan volume by July
Fintech lender Figure (FIGR) disclosed Q2 earnings showing $1 billion in weekly loan applications flowing through its platform by early July 2026, marking a shift from direct lending to network infrastructure.
WHY IT MATTERS
HELOC-and-home-equity platforms are becoming network hubs; traditional banks now distribute through fintech networks, reshaping origination economics and credit risk aggregation models.
Source: Tearsheet · 2026-08-20