Long time finance executive brings extensive fintech, blockchain and IPO experience
Figure Technology Solutions (“Figure”), a technology platform powering a more efficient and liquid marketplace for financial products, announced that Macrina Kgil, a seasoned finance executive, joined as Chief Financial Officer.
“Macrina is the perfect fit for Figure, given her industry expertise and deep background in public markets and public company finance functions,” said Michael Tannenbaum, Chief Executive Officer of Figure.
He continued, “We recently surpassed $1.5 billion in quarterly originations, record revenue, eighty percent year over year growth, and one hundred fifty percent EBITDA growth. Our metrics reflect three primary drivers: the widespread adoption of our increasingly liquid lending marketplace, Figure Connect, coupled with both a diversified product suite and a growing network of embedded lending partners. Our steady growth and ambitious plans called for a CFO of Macrina’s caliber; her financial stewardship will be pivotal to helping Figure achieve our goals.”
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“I’m thrilled to join Figure and have the opportunity to work alongside a deep executive bench and lead a talented finance team,” said Kgil. ‘’Particularly given my extensive experience in the fintech and blockchain sectors, I am eager to drive our growth and nurture investor confidence. Figure operates at the forefront of innovation, and I believe that we can unlock significant value for all of our stakeholders as we continue our momentum.”
Kgil joins Figure from Flow, a residential real estate startup, where she led the finance function globally. Prior to Flow, Kgil was CFO of OneMain Holdings (NYSE: OMF). While there, she helped manage the acquisition of OneMain Holdings from Citigroup, and successfully led the company (as Springleaf Finance) through an IPO, managing the public markets debut as well as subsequently guiding the company as a public filer. Previously, she served as CFO of Blockchain.com and its affiliate Blockchain Ventures Fund I, where she built a robust finance infrastructure across numerous global entities with a strong regulatory and compliance focus. Earlier, she served as VP in the private equity group at Fortress Investment Group and started her career at PwC in the capital market advisory and audit teams.
Kgil holds an engineering degree from Seoul National University. She’s a founding member of the F Suite, an executive community of leading CFOs.
Kgil reports to Tannenbaum in this newly created role for Figure, following its spin-off earlier this year as a stand-alone company independent of Figure Markets Holdings. Her hiring follows September’s appointment of Ron Chillemi as Figure’s first Chief Legal Officer.
Founded in 2018, Figure Technology Solutions (“Figure”) is a disruptive and scaled technology platform built to enhance efficiency and transparency in financial services. Its subsidiary, Figure Lending LLC, is the largest non-bank provider of home equity lines of credit; its software has been used to originate more than $12B of home equity lines of credit. Figure’s technology is embedded across a broad network of loan originators and capital markets buyers, and is used directly as well by homeowners in 49 states and Washington, DC. With Figure, homeowners can receive approval for a HELOC in as fast as five minutes and receive funding in as few as five days.
To date, Figure has embedded its HELOC in more than 135 partners, including Rate (formerly Guaranteed Rate), CrossCountry Mortgage, Movement Mortgage, Goodleap and many other fintechs, depositories and independent mortgage banks.
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