About Fig Tech
Fig Tech is a company based in New York (United States) founded in 2015.. Fig Tech has raised $1.1 million across 1 funding round. The company has 17 employees as of December 31, 2022. Fig Tech offers products and services including Financial Products and Predictive Analytics Tools. Fig Tech operates in a competitive market with competitors including Upstart, Upgrade, Laurel Road, Tala and LendKey Technologies, among others.
- Headquarter New York, United States
- Employees 17 as on 31 Dec, 2022
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Fig Tech, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.1 M (USD)
in 1 rounds
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Latest Funding Round
$1.1 M (USD), Seed
Nov 14, 2016
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Investors
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Employee Count
17
as on Dec 31, 2022
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Products & Services of Fig Tech
Fig Tech offers a comprehensive portfolio of products and services, including Financial Products and Predictive Analytics Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers tools for underbanked individuals to access loans and achieve stability
Uses data to provide alternative underwriting for financial inclusion
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Data Analysis and Operations Team
3 people
Leadership Team
1 people
Software Development Team
1 people
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Funding Insights of Fig Tech
Fig Tech has successfully raised a total of $1.1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.1 million completed in November 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.1M
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First Round
First Round
(14 Nov 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2016 | Amount | Seed - Fig Tech | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Fig Tech
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fig Tech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fig Tech Comparisons
Competitors of Fig Tech
Fig Tech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Upstart, Upgrade, Laurel Road, Tala and LendKey Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Diversified loans are provided via an AI-enabled online marketplace.
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| domain | founded_year | HQ Location |
Consumer credit and banking products are offered to individuals.
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| domain | founded_year | HQ Location |
Student loan refinancing, mortgages, and personal loans are offered online.
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| domain | founded_year | HQ Location |
Fintech services for credit, savings, and payments are delivered globally.
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| domain | founded_year | HQ Location |
Student & Home improvement loans online by local community lenders
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| domain | founded_year | HQ Location |
Financial wellness solutions are provided to support employee financial health.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fig Tech
Frequently Asked Questions about Fig Tech
When was Fig Tech founded?
Fig Tech was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Fig Tech located?
Fig Tech is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Fig Tech a funded company?
Fig Tech is a funded company, having raised a total of $1.1M across 1 funding round to date. The company's 1st funding round was a Seed of $1.1M, raised on Nov 14, 2016.
How many employees does Fig Tech have?
As of Dec 31, 2022, the latest employee count at Fig Tech is 17.
What does Fig Tech do?
Fig Tech was founded in 2015 in New York, United States, as a provider in the financial services sector. Short-term payday loans are offered through its online platform at figtech.com to assist with immediate cash needs. Operations focus on quick lending solutions for consumers, with services tailored to the U.S. market. The company maintains a base in New York to oversee its digital lending activities.
Who are the top competitors of Fig Tech?
Fig Tech's top competitors include Upstart, Upgrade and Laurel Road.
What products or services does Fig Tech offer?
Fig Tech offers Financial Products and Predictive Analytics Tools.