Overview
Fig Tech is a financial technology company headquartered in New York[4] that creates financial products designed for underbanked Americans to provide alternatives to predatory financial systems[2]. The company serves low-income families and Americans shut out by the traditional banking system[3]. Fig Tech identifies its focus area as eradicating predatory financial systems, which it describes as a $320 billion industry in the U.S. affecting over half of all Americans[5]. The company's approach substitutes plain English for legalese, scalable user interface design for expensive call centers, and predictive analytics for FICO-based underwriting[6]. Fig Tech lists partnerships with organizations including United Way of Greater Houston, Family Houston, Memorial Assistance Ministries, Houston Area Urban League, United Ways of Texas, BakerRipley, Wesley Community House, and Catholic Charities of Houston[7].
Fig Tech Inc. lists its address as 228 Park Ave S, Suite 64924, New York, NY 10003. [4]
Fig Tech's approach substitutes plain English for legalese, scalable UI for expensive call centers, and predictive analytics for FICO-based underwriting. [6]
Partnerships
Fig Tech's partners page lists United Way of Greater Houston, Family Houston, Memorial Assistance Ministries, Houston Area Urban League (HAUL), United Ways of Texas, BakerRipley, Wesley Community House and Catholic Charities of Houston. [7]
Customers
Fig Tech invites community organizations interested in combating predatory financial products to contact it at service@figloans.com. [8]
Key people
Focus
- Fig Tech says its current focus is eradicating predatory financial systems, which it describes as a $320 billion industry in the U.S. affecting over half of all Americans.[5]
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