Forget Rule of 40.
$FIGR "Rule of 150" puts them ahead of every name in S&P 500 except NVDIA and Micron).
+153% net revenue
+54% EBTIDA
=167
great quarter!
I think the hard part for Figure is getting ppl to pay attention. They are confusing to outsiders!
- "Is it a crypto stock? is it a lender? is it a marketplace!?"
- "how do I comp this thing!?"
if you're not growing fast, no one bothers to answer those questions.
put up numbers like this and lots more folks will be paying attention!
Q2 results are in: @Figure delivered its strongest quarter yet with 132% Consumer Loan Marketplace growth, and nearly triple-digit adjusted net revenue growth and 55% adjusted EBITDA margins, putting us at a “Rule of 150” in the “Rule of 40” investor framework.
We grow when our partners grow. By replacing legacy friction with modern infrastructure, our platform helped partners originate 2.6x more HELOC volume.
Q2 Highlights:
• $4.3B marketplace volume (beating guidance top end by 4%)
• 100+ new partners added across IMBs, depositories, & fintechs
• Figure Connect now drives 65% of marketplace volume
Grateful to the partners building the future of capital markets alongside us.
• We remain the largest player in the tokenized asset space, by far
More here: https://t.co/zG51EOsHRy
We're launching Monaco today.
Monaco automates customer acquisition and revenue growth for startups.
The platform disrupting sales with AI has finally arrived.
We rolled these out to @brexHQ customers this morning. This year has been quite the journey, thank you for trusting us with your finances! Fun fact: this came out our Brexathon this quarter, and is one of many projects people continued working on to launch https://t.co/eHrJnx6BkO
Just ordered my first @shesbirdie. They are one of our valued customers @brexHQ, and their mission is so important. “She’s Birdie envisions a world where women are safe. We’re here to activate women and accelerate that change.” #chirploudly#Iwork4Brex
When board meetings are poorly run, the company and its investors suffer. To help you make the most of yours, our CFO @MichaelTannenbaum shares tips on how we run ours at @brexHQ
https://t.co/51MO9LiHMI
We're humbled to be included alongside some incredible companies on the #LinkedInTopStartups 2020 list. And on that note...we're hiring!
If you like long walks on the beach and breaking down systemic financial barriers, head over to our Careers page 🏃♀️ https://t.co/3YpEJrulRy
“Inbox Zero” your expenses with Brex! More robust expense management is something we’ve been working on for a while. There is a lot more from where this came from!
"Because of @NetSuite's integration with other platforms, we haven't had to add headcount to manage AP and the procurement process.”
👉👉👉 Erik Zhou of @brexHQ re: how this smokin' hot startup keeps lean despite hitting $10M ARR IN 18 MONTHS WHOAAA. https://t.co/vFT6CuOCLe
Congrats to our friends @GustoHQ, @Guideline401k, @expensify and many more who were also named on the 2020 @CBinsights Fintech 250 List of Fastest-Growing Fintech Startups! 👏 Proud to be in your company.
We’re providing the safety and security you expect from your financial OS. That’s why we’ve introduced FDIC insurance on Cash. We’re also happy to welcome @KatieBiber to the team as our Chief Legal Officer.
#security#cashmanagement
https://t.co/wXuo75XPwH
The average @BrexHQ startup customer spends ~$25K on electronics each year, and a large portion of that is on @Apple. That’s why we’re excited to announce Brex’s latest partnership, offering customers 3x points on @Apple spend!
Brex customers now earn 3x Brex Rewards points on all eligible Apple product purchases, so you can keep growing with the best tech to build your company.
https://t.co/jh0W6tmQea
"The combination of @finicity's capabilities with @Mastercard's products and services will enable us to create innovative solutions to enhance our @brexHQ offerings". -@hdubugras