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Online lender Figure launches SPAC to raise $250M
Michael Cagney, the CEO of fintech startup Figure Technologies and former CEO of online lender SoFi, is heading a SPAC.
The blank-check company is sponsored by Fintech Acquisition LLC, which is an affiliate of Figure Technologies. The SPAC is seeking to raise $250 million, per its prospectus.
Founded in 2018, Figure is an online lender offering home equity lines, mortgages and …
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