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Figure and Homebridge cancel planned merger

Figure Technologies co-founder and CEO Mike Cagney

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Figure Technologies co-founder and CEO Mike Cagney

Fintech lender Figure Technologies and multichannel originator Homebridge Financial Services last August announced a merger that they claimed would usher in monumental change to the mortgage industry.

Figure, founded in 2018 by SoFi co-founder Mike Cagney, would bring a blockchain tech platform to the merged company, which would double the lender’s capacity to fulfill loans. Meanwhile, old school New-Jersey-based Homebridge, founded more than details ⇒

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