Mike Cagney has raised $50 million for his latest fintech venture, Figure, focused on home-equity lending.
The investment round was led by Ribbit Capital and DCM Ventures, Bloomberg News reported Monday, citing people who requested anonymity.
The news service also reported that San Francisco-based Figure already has a workforce of 56 people, including Cynthia Chen, former chief risk officer at San Francisco fintech LendingHome and Sara Priola, former chief legal counsel at PeerStreet.
