Fig Loans - About the company
Fig Loans is a seed company based in Sugar Land (United States), founded in 2014 by Jeffrey Zhou and John Li. It operates as an Offers installment loans as a payday loan alternative. Fig Loans has raised $4.73M in funding from investors like Access Ventures, VilCap Investments and Tubergen Ventures. The company has 148 active competitors, including 10 funded and 10 that have exited. Its top competitors include companies like Earnin, Brigit and Wonga.
Company Details
Offers installment loans as a payday loan alternative, providing financial solutions. The company focuses on offering accessible and user-friendly installment loan options. It positions itself as an alternative to traditional payday loans, potentially offering more flexible repayment terms. The business model directly impacts the community by providing access to credit. The company uses web-based technology to deliver its services, requiring JavaScript for website functionality. This indicates a modern, tech-enabled approach to lending. The company provides customer service support via email, indicating a commitment to customer assistance.
- Website
- figloans.com
- Social
- Email ID
- *****@figloans.com
- Registered Address
- Houston
Key Metrics
Founded Year
2014
Location
Sugar Land, United States
Stage
Seed
Total Funding
$4.73M in 5 rounds
Latest Funding Round
Investors
Ranked
10th among 148 active competitors
Legal entities associated with Fig Loans
Fig Loans is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
FIG LOANS TEXAS LLC CIN: - , United States, Active | Dec 31, 2013 | - | - | - |
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Fig Loans's funding and investors
Fig Loans has raised a total funding of $4.73M over 5 rounds. Its first funding round was on Feb 23, 2016. Fig Loans has 9 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Fig Loans:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 18, 2019 | 4285558 | Seed | 2025022 | 7095119 | 3926172 | 7479806 |
Jun 04, 2018 | 3507658 | Seed | 8202685 | 5803102 | 6914074 | |
Sep 21, 2016 | 2567251 | Seed | 4085645 | 6371138 | 1305729 |
Access funding benchmarks and valuations. Sign up today!View details of Fig Loans's funding rounds and investors
Fig Loans' founders and board of directors
Founder? Claim ProfileThe founders of Fig Loans are Jeffrey Zhou and John Li.
Here are the details of Fig Loans' key team members:
- Jeffrey Zhou: Co-Founder & CEO of Fig Loans. Contact Info: 1 email address
- John Li: Co-Founder of Fig Loans. Contact Info: 1 email address
View details of Fig Loans's Founder profiles and Board Members
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Fig Loans's Competitors and alternates
Top competitors of Fig Loans include Earnin, Brigit and Wonga. Here is the list of Top 10 competitors of Fig Loans, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Earnin 2012, Palo Alto (United States), Series C | Provider of a platform for accessing earned wages and financial tools | $190M | 76/100 | |
2nd | Brigit 2017, New York City (United States), Acquired | Mobile application offereing loans | $38M | 75/100 | |
3rd | Wonga 2007, London (United Kingdom), Acquired | Provider of short-term and installment loans via an online platform | $158M | 65/100 | |
4th |  Beem 2006, San Francisco (United States), Seed | Cash advance app for emergencies | $7M | 62/100 | |
5th | FloatMe 2018, San Antonio (United States), Series A | Online platform for cash advance loans | $20.2M | 60/100 | |
6th | Empower 2016, San Francisco (United States), Series B | Financial technology empowering potential with cash advances, credit lines, and credit cards | $174M | 57/100 | |
7th |  Vola Finance 2017, Newark (United States), Series A | Developer of an online lending platform | $3.5M | 56/100 | |
8th |  Klover 2019, Chicago (United States), Series B | App-based platform for cash advance loans | $89.3M | 53/100 | |
9th |  Instant Cash Advance Loan App 2021, Glendale (United States), Unfunded | Online marketplace for cash advance loans | - | - | 46/100 |
10th | Fig Loans 2014, Sugar Land (United States), Seed | Offers installment loans as a payday loan alternative | $4.73M | 45/100 |
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Fig Loans's Investments and acquisitions
Fig Loans has made no investments or acquisitions yet.
Reports related to Fig Loans
Here is the latest report on Fig Loans's sector:
News related to Fig Loans
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Fig Loans Becomes First-Ever FinTech to Receive CDFI CertificationBusiness Wire•May 07, 2019•Fig Loans
•
Fig Tech Named Champion of Financial Wellbeing by Ashoka, BNY MellonCitybizlist•Oct 11, 2018•Fig Loans
•
Here are the 9 startups in the Techstars Seattle 2016 class – GeekWireGeekWire•Feb 23, 2016•Keepe, Techstars, Fig Loans, Shyft
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