Figure reports $4.3B in loan marketplace volume as profit nearly triples
60-second summary
Figure reports $4.3B in loan marketplace volume as profit nearly triples, with expectations for a further increase in the third quarter, citing a projected range of $4.8 billion to $5.2 billion in consumer loan marketplace volume. This growth indicates a significant expansion of Figure's lending business, potentially leading to increased market competition and further consolidation in the fintech industry.
Figure expects consumer loan marketplace volume to range from $4.8 billion to $5.2 billion in the third quarter.