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Fintech startup Figure Technologies launches 1st product

Figure Technologies Inc. has launched its first product, called Figure Home Equity Loan.

The online product approves home equity loans within minutes and provides funding in as little as five days, according to a news release.

The company is also planning to launch its second product, a sell and leaseback alternative to reverse mortgages for retirees.

Figure Technologies is a startup co-founded by former Social Finance Inc. CEO Mike Cagney.