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Founded in September 2020 by human resources experts Virgile Raingeard and Bastien Formery, Figures is a Paris, France-based compensation management platform. The enterprise SaaS company helps mid-market and enterprise customers across Europe to make fair and highly efficient salary decisions by replacing outdated spreadsheet-based processes. Serving approximately 40,000 active users, the software platform integrates real-time market data and performance ratings to centralize collaboration between human resources, finance, and management teams. Operating with an estimated workforce of 51 to 100 employees, the growing European business generates around $1,100,000 in annual revenue and holds an estimated valuation of $3,600,000. The organization has successfully raised $6,800,000 in total venture capital funding across a single financing round, with daily business operations supported by key executives including Head of Sales Chloé Jamme and Vice President of Customer Success Mike Goss.
Figures has raised $7.0M across 1 funding round.
Figures has raised $7.0M in total across 1 funding round.
Figure is a San Francisco-based fintech unicorn founded in 2018 that builds blockchain-based products for loan origination, equity management, private fund services, banking, and payments.[1] It transforms the trillion-dollar financial services industry by leveraging the Provenance Blockchain to deliver speed, efficiency, and cost savings for consumers and institutions, serving over 60,000 U.S. members and facilitating $5 billion in funding as of early 2022.[1] With $1.5 billion raised at a $3.2 billion valuation from investors like Ribbit Capital and DCM, Figure maintains strong growth momentum, evidenced by a 4.4/5 Trustpilot rating from over 2,000 reviews as of mid-2023.[1]
Figure was founded in 2018 by Mike Cagney, former CEO of LendingClub, amid a push to disrupt legacy financial systems with blockchain.[1] The idea emerged from Cagney's experience scaling online lending, recognizing blockchain's potential to streamline inefficient processes like loan origination and fund administration on the Provenance Blockchain.[1] Early traction came quickly: in four years, Figure achieved multiple fintech firsts, grew to unicorn status, and expanded services across sectors, hitting key milestones like $5 billion in member funding by February 2022.[1]
Figure rides the blockchain-DeFi wave in fintech, targeting liquidity and efficiency in a $1T+ industry plagued by slow, opaque legacy rails.[1][2] Timing aligns with rising institutional crypto adoption post-2022 market recovery and regulatory clarity, amplified by market forces like high interest rates driving demand for cheaper lending alternatives.[1] It influences the ecosystem by pioneering Provenance Blockchain applications, inspiring competitors and enabling tokenized real-world assets, while its unicorn status accelerates mainstream fintech-blockchain convergence.[1][2]
Figure is poised to expand Provenance Blockchain into tokenized securities and cross-border payments, capitalizing on maturing DeFi regs and AI-blockchain synergies.[1][2] Trends like embedded finance and RWA tokenization will propel growth, potentially doubling its funding volume amid institutional inflows. Its influence may evolve from disruptor to infrastructure layer, powering the next era of efficient global finance—echoing its mission to redefine a trillion-dollar industry from day one.[1]
Figures has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in September 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2022 | $7M Seed | Point Nine Capital | Acadian Ventures, Bpifrance, Entr E Capital, Kima Ventures, Seedcamp | Announced |
Figures has raised $7.0M in total across 1 funding round.
Figures's investors include Point Nine Capital, Acadian Ventures, Bpifrance, Entr e Capital, Kima Ventures, Seedcamp.
