Setpoint Serves as Third-Party Diligence Platform for Figure’s $316 Million HELOC Securitization
Setpoint today announced that it served as third-party review provider for FIGRE Trust 2026-EXP2, a $316.3 million securitization of home equity lines of credit sponsored by Figure Technology Solutions, the leading blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets. The transaction closed August 31, 2026. Morningstar DBRS rated the deal.
Setpoint Announces Agreement to Acquire inTENT Fulfillment and Expands Rating Agency–Approved Loan Diligence
Setpoint, the operating system for asset-backed finance, today announced that it has signed an agreement to acquire inTENT Fulfillment, a specialized loan diligence and transaction management firm with deep rating agency relationships and decades of experience across all residential mortgage and home equity products.
Setpoint Launches Industry Standard to Stop Double Pledging After Tricolor and First Brands Collapse
In the wake of the high-profile collapses of Tricolor and First Brands, Setpoint, the leading digital infrastructure provider for asset-backed finance, today launched Setpoint PledgeCheck, a new market standard for programmatically verifying that every asset in a collateral pool is unique and legitimately pledged to a single counterparty.
Setpoint Secures $31M Series B From Wells Fargo, Citi, 645 Ventures, Andreessen Horowitz and Others to Revolutionize Credit Infrastructure
Setpoint, the leading infrastructure provider for the credit industry, today announced the successful completion of its $31 million Series B funding round. 645 Ventures led the round, with significant strategic investments from Citi and Wells Fargo, alongside Andreessen Horowitz, NextView Ventures, Floating Point, Henry Kravis, Zillow founder’s 75 & Sunny, Vesta Ventures, Fifth Wall, Eltura Ventures, and Outrunner Capital. This funding round brings Setpoint's total capital raised to $76 million, demonstrating its role as the preferred technology partner for the world's largest financial institutions and users of capital.
Setpoint Facilitates Diligence for $209 Million Landmark Rated Securitization of Residential Transition Loans
Setpoint, a leader in capital markets technology proudly announces its participation as the third-party review provider of a NYMT Loan Trust $209mm landmark rated Residential Transition Loan (RTL) securitization (NYMT 2024-BPL2) in May 2024. This significant achievement represents the first rated RTL securitization facilitated by Setpoint, and one of the earliest RTL transactions ever completed in the market. The transaction was rated by Morningstar DBRS, which notably became the first Nationally Recognized Statistical Rating Organization to finalize a methodology for RTL securitizations in October 2023.
Setpoint Announces $43 Million Series A Led by Andreessen Horowitz to Deliver Next-Generation Infrastructure for Asset-Backed LendingNEW YORK, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Setpoint, the company building infrastructure for modern real estate transactions, today announced that it has closed a $43 million Series A led by Andreessen Horowitz with participation from Henry Kravis (KKR), Spencer Rascoff (co-founder Zillow & 75andSunny), Fifth Wall, 645 Ventures, NextView Ventures, LiveOak Venture Partners, Vesta Ventures, ATX Venture Partners and Capital Factory. The company also announced that it is on track to power 25,000 home transactions this year and expects to power more than 100,000 in 2023 via SFR, iBuying, Power Buying, Fractional Ownership, Rent-to-Own, and other transactions that make buying, selling, and renting a home easier, faster, and more accessible.
