RENO, Nev. (KOLO) – The Economic Development Authority of Western Nevada (EDAWN) has announced Figure Technologies is expanding its operations to Reno from San Francisco.
Figure Technologies is a “financial technology company leveraging blockchain, AI and analytics to deliver products to improve the financial lives of their customers,” according to EDAWN. The new office is already home to 17 full-time employees supporting Figure’s business across the United States. EDAWN says, “Key factors in Figure’s decision to expand to Reno were the talent pool and logistical advantages offered by the region, along with the opportunity to invest in the region’s academic and start up communities.”
The company plans to hire 240 employees in a wide range of roles over the next several years, with an average hourly wage of $40 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,” says 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.” Figure has already launched both of its products in Nevada.
“Welcoming Figure to Reno is yet another win for the entire region,” says Reno Mayor Hillary Schieve. “The Silver Rush of the past has become the Silicon and Server Rush of the next decade and beyond. Reno’s blend of lifestyle, progressive values and a business-friendly environment, give companies like Figure a future of success.”
“We are thrilled Figure has selected Reno to expand their operations,” says 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.”