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Figures develops a compensation intelligence platform that provides real-time salary benchmarking, pay equity analysis, and tools for EU Pay Transparency Directive compliance. The platform enables companies, particularly European venture-backed firms, to establish fair, transparent, and data-driven compensation practices, supporting a critical aspect of talent management. Its technical approach focuses on robust data aggregation and analytical tools to deliver actionable insights.
The company was founded in 2020 by Virgile Raingeard, who serves as CEO, and Bastien Formery, the CTO. Their collaboration stemmed from a shared understanding of the difficulties HR professionals encountered in obtaining reliable compensation data within the fast-evolving startup and scale-up ecosystems. This insight drove them to create a specialized solution to address this significant market need.
Figures serves over 500 companies across Europe, primarily assisting HR teams and managers within venture-backed organizations. The product aims to empower these companies to maintain competitive and equitable pay structures, fostering transparency and operational efficiency in compensation management. The long-term vision is to be the definitive platform for building and sustaining fair and data-driven compensation strategies for the future of work.
Figures has raised $7.0M across 1 funding round.
Figures has raised $7.0M in total across 1 funding round.
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.
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 |
|---|---|---|---|
| Sep 1, 2022 | $7.0M Seed | Point Nine Capital | Acadian Ventures, Bpifrance, Entr e Capital, Kima Ventures, Seedcamp |