Figure Announces Strategic Partnership with SMB Lending Platform Credibly to Modernize SMB Capital Markets via Blockchain Rails

Rhea-AI Summary

Figure (Nasdaq: FIGR) announced a strategic partnership with Credibly to bring SMB loans and revenue-based financing onto Figure’s Democratized Prime platform, using Figure Connect and DART for tokenization, whole-loan sales, and blockchain-native E-note and lien registry. Effective Q2 2026, Credibly joins as the second fintech borrower on Democratized Prime. Credibly has provided over $3.0 billion in working capital to more than 61,000 small businesses and completed a KBRA-rated securitization in Q1 2026 for $124 million (expandable to $225 million).

Positive

• Credibly has provided $3.0B in working capital to >61,000 businesses
• Q1 2026 KBRA-rated securitization of $124M (expandable to $225M)
• Partnership effective in Q2 2026, expanding Figure into SMB lending
• Democratized Prime gains second fintech borrower, signaling platform momentum
• DART introduces blockchain-native E-note and lien registry replacing legacy registry

Negative

• None.

News Market Reaction – FIGR

+3.50%

27 alerts

+3.50% Session close to close

+3.4% Peak in 7 min

$8.54B Market Cap

0.2x Rel. Volume

In the May 5 session, FIGR gained 3.50%, reflecting a moderate positive market reaction. Argus tracked a peak move of +3.4% during that session. Our momentum scanner triggered 27 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement extends Figure’s partnership strategy by adding Credibly’s SMB loan and revenue-ba...

Analysis

This announcement extends Figure’s partnership strategy by adding Credibly’s SMB loan and revenue-based financing products to its blockchain-native capital markets rails. It builds on prior collaborations, including bringing AI-driven auto finance assets and deploying YLDS on new blockchains. Investors may monitor how much SMB volume flows through Democratized Prime and Figure Connect, Credibly’s future securitization activity beyond $3.0 billion in working capital, and upcoming earnings disclosures to gauge the financial impact.

Key Figures

Working capital provided: $3.0 billion SMBs served: 61,000 small businesses KBRA-rated securitizations: 4 securitizations +2 more

5 metrics

Working capital provided $3.0 billion Credibly cumulative working capital access to SMBs

SMBs served 61,000 small businesses Credibly historical customer count

KBRA-rated securitizations 4 securitizations Credibly completed KBRA-rated deals

Recent securitization size $124 million Most recent Credibly securitization in Q1 2026

Recent securitization upsizing Up to $225 million Maximum expandable size of latest Credibly deal

Previous Partnership Reports

1 past event · Latest: Oct 14 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Oct 14	Blockchain partnership	Positive	+1.2%	YLDS deployed natively on Sui blockchain to expand tokenized yield product.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Limited partnership history shows a modestly positive price reaction around prior partnership news.

Recent Company History

Over the past several months, Figure has combined strong financial growth with expanding ecosystem partnerships. A prior October 14, 2025 partnership to deploy YLDS on the Sui blockchain saw a modestly positive reaction of 1.23%. More recently, Figure announced a strategic partnership with Agora Data to bring AI-driven auto finance assets onto its marketplaces. Today’s Credibly agreement continues this strategy of using partnerships to broaden tokenized real‑world asset flows across its capital markets rails.

Key Terms

tokenized assets, revenue-based financing, decentralized lending marketplace, defi-native, +4 more

8 terms

tokenized assets technical

"for the origination, funding, sale, and trading of tokenized assets"

A tokenized asset is a digital representation of ownership or rights to a real-world or financial item—such as property, a bond, or a piece of art—recorded on a secure digital ledger. Think of it like turning an asset into many small, tradable tickets that can be bought, sold, or transferred more quickly and cheaply; for investors this can mean easier access, fractional ownership, greater liquidity, and faster settlement, but also introduces technology, legal and market risks.

revenue-based financing financial

"bring its SMB loans and revenue-based financing products onto Figure’s"

A financing arrangement where an investor or lender provides capital in exchange for a fixed percentage of a company’s future sales until an agreed total repayment is reached. Think of it like getting money now and paying it back as a slice of each paycheck rather than fixed monthly payments or giving away ownership. It matters to investors because returns depend directly on how quickly the company grows revenue and it affects cash flow and dilution risk differently than loans or equity.

decentralized lending marketplace technical

"an always-on decentralized lending marketplace which functions as a DeFi-native"

A decentralized lending marketplace is an online platform built on blockchain where individuals or institutions lend and borrow money directly through automated contracts, without a traditional bank as middleman. Think of it as an open, automated lending bazaar where interest rates and loan terms are handled by code; it matters to investors because it can offer higher yields and new diversification but also brings unique risks like software bugs, liquidity swings and uncertain regulation.

defi-native technical

"decentralized lending marketplace which functions as a DeFi-native warehouse"

An entity described as "defi-native" is built primarily for and within decentralized finance platforms — meaning its products, users, and value move on public blockchain networks and smart contracts rather than through traditional banks or brokers. For investors this matters because such entities behave like businesses that live on a new plumbing system: they can offer faster, permissionless access and novel revenue models, but also carry unique risks (code bugs, token volatility, liquidity limits, and shifting rules) that affect returns and safety.

securitization financial

"tokenization platform to facilitate whole loan sales and securitization by connecting"

Securitization is when a bank or company takes a bunch of loans or assets, like mortgages or car loans, and bundles them together into a single package. They then sell pieces of this package to investors, who receive regular payments from the borrowers. This process helps the original lender get money quickly and spreads the risk among many investors.

real-world asset (rwa) tokenization technical

"Accessing real-world asset (RWA) tokenization through Figure is central"

Real-world asset (RWA) tokenization is the process of creating digital tokens that represent ownership or economic rights in physical assets such as real estate, commodities, or loans. For investors it matters because tokenization can turn large, illiquid assets into many smaller, tradable pieces—like slicing a house into shares—making markets faster, cheaper and open to more participants, though legal recognition and custody rules still determine true value and risk.

e-note technical

"next-generation blockchain-native E-note and lien registry that serves"

An e-note is an electronic version of a promissory note — the legal IOU that records a borrower’s promise to repay debt — created, signed and stored digitally instead of on paper. For investors, e-notes matter because they make transfers, sales and record-keeping faster, cheaper and more secure; like replacing a paper deed with a tracked digital file, they can improve liquidity and cut legal and operational risk when loans are bought, sold or packaged.

lien registry technical

"blockchain-native E-note and lien registry that serves as an immutable"

A lien registry is a public database that lists legal claims creditors have against a person’s or company’s property or assets, functioning like a central ledger showing who can make a claim on specific items. Investors consult it to see whether assets are already pledged, to understand who would get paid first if the borrower defaults, and to gauge the risk and real value of collateral—similar to checking a title report before buying a house.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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-Marks significant expansion into Figure’s rapidly-growing business with SMB-focused partners 
-Enhances modern capital markets access for America’s small business owners

NEW YORK and DETROIT, May 05, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions (“Figure,” Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the origination, funding, sale, and trading of tokenized assets, today announced a strategic partnership with Credibly, the AI-powered working capital company focused on expanding and democratizing access to financing for small and medium-sized businesses (SMBs).

The partnership marks a significant expansion by Figure into the SMB lending ecosystem, one of the company’s fastest-growing end markets. Today, small and medium-sized businesses provide nearly half of all U.S. jobs and a similar percentage of the GDP, yet they are perpetually underserved: less than half of owners currently receive the level of funding they seek — highlighting the need for a more modern, inclusive approach to capital access. 

Through the partnership, Credibly will bring its SMB loans and revenue-based financing products onto Figure’s Democratized Prime platform. Credibly’s launch represents the second fintech to use Democratized Prime as a borrower, reflecting growing momentum. 

Figure is proud to provide its blockchain-native ecosystem, which enables SMB capital providers to access capital markets more efficiently through modern rails that effectively combine the truth layer of blockchain with the decisioning power of AI. The result is greater liquidity and scale, among a host of infrastructure-related benefits that tangibly improve outcomes for borrowers. 

Credibly will leverage Figure’s ecosystem specifically via:  

• Democratized Prime: an always-on decentralized lending marketplace which functions as a DeFi-native warehouse financing vehicle, that serves as a line of credit for lenders to finance their loans and other receivables almost instantaneously 
• Figure Connect: Figure’s signature blockchain-native marketplace that serves as Figure’s tokenization platform to facilitate whole loan sales and securitization by connecting originators with investors
• Digital Asset Registry Technology (DART): a next-generation blockchain-native E-note and lien registry that serves as an immutable replacement of MERS 
  
  

"The SMB loan capital markets have many of the same dynamics that exist in the mortgage industry, which results in expensive, sclerotic capital markets with limited liquidity,” said Michael Tannenbaum, Figure CEO. “By teaming up with Credibly, we’re doubling down on SMBs, one of our biggest recent growth drivers as well as an area where we see enormous untapped demand—particularly from high-performing fintechs looking for capital markets rails that match their origination innovation.”

The partnership reflects Credibly’s core strategy to leverage cutting-edge emerging technologies to expand access to capital for small businesses at scale. Accessing real-world asset (RWA) tokenization through Figure is central to its strategy. 

“Small business owners deserve access to capital that keeps pace with how they operate,” said Ryan Rosett, co-founder and co-CEO of Credibly. “At Credibly, we’re committed to leveraging the most innovative technology available to expand working capital access—and working with a partner like Figure helps us deliver faster, more accessible funding in real time.”

Credibly has provided access to over $3.0 billion in working capital to more than 61,000 small businesses, with four completed KBRA-rated securitizations and its most recent one done in the first quarter of 2026 for $124 million (expandable up to $225 million).  

The partnership will become effective in the second quarter of 2026, following the precedent of Figure’s partnership with Agora Data – an AI-powered auto fintech platform – where Figure brings externally originated assets onto its blockchain-powered capital markets rails. 

For lenders seeking liquidity through Democratized Prime, reach out to: digitalassets@figure.com. For SMB brokers originating loans via Figure's ecosystem, visit: figure.com/partner/smb-broker/

ABOUT FIGURE 

Figure Technology Solutions, Inc. (Nasdaq: FIGR; OPEN: FGRS) is a blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 300 partners use its loan origination system and capital marketplace. Collectively, Figure and its partners have originated over $24 billion of home equity to date, among other products, making Figure’s ecosystem the largest non-bank provider of HELOCs. The fastest growing components are Figure Connect, its consumer credit marketplace, and Democratized Prime, Figure’s on-chain decentralized lending marketplace. Figure's ecosystem also includes DART (Digital Asset Registry Technology) for asset custody and lien perfection, and $YLDS, an SEC-registered yield-bearing stablecoin that is issued by a tokenized face-amount certificate company, which is a type of registered investment company.

Figure is the market leader in real-world asset (RWA) tokenization. The company has received AAA ratings from S&P and Moody’s on multiple loan securitizations, the first of its kind for blockchain finance. For more information, visit https://figure.com or follow Figure on LinkedIn.

ABOUT CREDIBLY

Credibly is a fintech working capital company that improves the speed, cost, experience, and choice of capital for SMBs – while expanding access to funding for businesses historically overlooked by traditional financial sources. The company provides balance-sheet, syndication, and off-balance-sheet funding options.

Founded in 2010, Credibly has provided access to over $3 billion in working capital to more than 61,000 SMBs, while maintaining a strong emphasis on risk management and a culture of compliance. Since 2025, Credibly has secured two AI patents, highlighting its investment in proprietary technology. Credibly made history by becoming the first company in its field to acquire the servicing rights to another alternative working capital company's portfolio ($250 million). The company has achieved steady growth, operated continuously throughout the COVID-19 pandemic, and has recorded exceptional origination numbers.

Credibly's headquarters are in Southfield, Michigan, with offices in New York and Arizona. For more information, please visit www.credibly.com.

Contacts
Figure: press@figure.com

Credibly:
Jenny Beres, Pink Shark PR
941-993-7222
jenny@pinksharkpr.com

FAQ

What does the Figure (FIGR) and Credibly partnership mean for SMB lending?

It brings Credibly’s SMB loans onto Figure’s blockchain-native capital markets rails, improving liquidity and financing access. According to Figure, Credibly will use Democratized Prime, Figure Connect, and DART to enable tokenization, whole-loan sales, and an immutable e-note and lien registry starting in Q2 2026.

When does the Figure (FIGR) partnership with Credibly become effective?

The partnership becomes effective in the second quarter of 2026. According to Figure, Credibly’s assets will be onboarded to Democratized Prime and Figure Connect after that effective date, following Figure’s prior fintech integration precedent.

How large is Credibly’s lending footprint mentioned in the Figure (FIGR) release?

Credibly has provided over $3.0 billion in working capital to more than 61,000 small businesses. According to Credibly, it has completed four KBRA-rated securitizations, including a Q1 2026 deal sized at $124 million, expandable to $225 million.

Which Figure platforms will Credibly use under the FIGR partnership?

Credibly will use Democratized Prime, Figure Connect, and DART for financing, tokenization, and registry functions. According to Figure, Democratized Prime serves as a DeFi-native warehouse financing vehicle; Figure Connect facilitates tokenization; DART is a blockchain-native e-note and lien registry.

Will the FIGR and Credibly deal affect investor access to SMB assets?

The partnership intends to broaden investor access to tokenized SMB loans via Figure’s marketplace rails. According to Figure, bringing Credibly-originated assets onto Democratized Prime aims to increase liquidity and scale for SMB capital providers and investors.