Figure Technology Solutions reported Q2 loan marketplace trading volume of $4.26 billion, up 132% year over year. Net income jumped 192% to $87.4 million on revenue above $220 million. Figure Connect processed $2.77 billion, or 65% of total volume, and the company added 102 partners to reach an active network of 489. Figure guides Q3 trading volume to between $4.8 billion and $5.2 billion.
Figure Technology Solutions said its second-quarter loan marketplace trading volume reached $4.26 billion, up 132% from a year earlier.
Net income for the quarter climbed 192% to $87.4 million, with net revenue surpassing $220 million, the company reported.
Figure Connect, the platform that links third-party loan buyers and sellers, handled $2.77 billion of that volume, accounting for 65% of the total.
The firm added 102 partners during the quarter, bringing its active network to 489. For the third quarter, management expects trading volume to land between $4.8 billion and $5.2 billion.
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