Figure Technologies, a blockchain-based financial services company founded by Mike Cagney, has agreed to acquire Homebridge Financial Services, a mortgage-lending specialist, for an undisclosed sum. Figure previously raised a total of $1.55 billion from investors including Ribbit Capital, DCM Ventures and DST Global, according to PitchBook data, including a recent Series D that valued the company at $3.2 billion.
Correction: An earlier version of this news item incorrectly reported Figure was acquired in the combination of the two companies. Figure is acquiring Homebridge. (Aug. 4, 2021)