The Economic Development Authority of Western Nevada (EDAWN) announced yesterday that Figure Technologies, a financial technology company leveraging blockchain, is expanding to Reno.
The company’s new office is already home to 17 full-time employees and plans to hire 240 more employees over the next several years, with an average wage of $40 per hour and access to benefits such as health care, Flexible Spending Accounts, and a 401(k) program.
“We’re creating products and educational tools to help consumers simplify and improve their financial well-being. With rising interest rates, cash-out refinancing, personal loans, and credit cards are increasingly painful ways to meet cash flow needs. For many, home equity may be the most important source of money they have to support their financial needs throughout their careers and into retirement,” said Wendy Harrington, Figure CMO. “By unlocking hard-earned equity with Figure Home Equity Loan PLUS or Figure Home Advantage, homeowners can achieve their goals with additional funds and less stress.”
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EDAWN welcomed the company at a press event yesterday.
“We are thrilled Figure has selected Reno to expand their operations,” said Mike Kazmierski, president & CEO of EDAWN. “As a state, we’re one of the leaders in attracting and welcoming blockchain technology. Figure is a great win for our community and we expect to continue to see the emergence of blockchain companies selecting Reno as their home.”