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Figure nearly triples quarterly profits as loan marketplace volume jumps

Figure reported net income of $87 million, up 192% year over year, as its loan marketplace volume rose to $4.3 billion.

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Crypto onchain lender Figure reported a sharp jump in quarterly profitability, citing a surge in activity across its loan marketplace.

According to The Block, Figure said net income climbed 192% to $87 million, compared with $30 million in the same quarter a year earlier.

The outlet also reported that loan marketplace volume increased to $4.3 billion, supporting the company’s higher earnings.

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