Cross River

MPL new issue volume from Finsight Group Inc (FINSIGHT) , to be featured in my upcoming Q1 Consumer Lending Review: ⤵⤵⤵ ➡ 1Q26 MPL new issue volume grew +41.0% higher on a YoY basis and +33.1% on a QoQ basis ➡ ➡ The YoY increase in new issue volume was driven by an increase in the number of deals (16 vs. 14) and in average deal size, which was +23.3% higher YoY to $469Mn ➡ Demand for this paper remains strong, and spreads continue to tighten ➡ Affirm's recent 2026-2 revolving ABS transaction was upsized to $750Mn from $500Mn, with the deal more than 2x oversubscribed following the upside ➡ Affirm was able to achieve a (126)bp decline in its cost of funds, driven by solid ABS execution and the repricing across all funding channels ➡ Pagaya upsized its recent ABS transaction to $800Mn from $600Mn ➡ Oportun reported that it completed a $485Mn ABS transaction in February, with a 5.32% weighted average yield ➡ ➡ This transaction marked its 4th straight issuance with a sub-6% funding cost and a AAA rating at the top of its capital stack ➡ Per the Finsight database, Affirm - $1,750Mn, Pagaya - $1,696Mn, SoFi - $919Mn, US Bank - $563Mn, Reach Financial - $550Mn, Oportun - $485Mn, Rocket Mortgage - $305Mn, Upstart - $292Mn, Purchasing Power - $225Mn, Avant - $200Mn, Ledn - $188Mn, Upgrade - $184Mn, and Americor - $149Mn, were among the most active players in the first quarter ➡ Thanks again to Leo Efstathiou and the team for the great data! Don't miss my upcoming Q1 Consumer Lending Review, follow/connect with me here and subscribe to the Cross River IQ newsletter! #fintech #consumerlending #consumercredit

Figure , which says it's "building the future of capital markets using blockchain-based technology", released preliminary Q1 operating data: ⤵⤵⤵ ➡ Figure went public last September and historically has focused on Home Equity Lines of Credit (HELOCs) ➡ Figure reported $2,902Mn in Consumer Loan Marketplace volume for the quarter, up +113% YoY and +7% QoQ ➡ Figure's stablecoin $YLDS was first approved by the SEC February in 2025 and grew to $598Mn in circulation by the end of Q1 ➡ Figure also reported figures on its Democratized Prime platform, its decentralized marketplace that operates as a short-term lending warehouse line for originators in the Figure ecosystem ➡ ➡ Borrower Demand reached $376Mn in March, up +53% from February ➡ ➡ Available Lender Supply reached $453Mn in December, up +112% from February ➡ ➡ Matched Offers Balance reached $368Mn in March, up +79% from February More to come, as we await Figure's full Q1 earnings data If you found value in this post, please like 👍 and share for visibility Looking for more fintech and consumer lending coverage? Follow/connect with me and don't forget to subscribe to the Cross River IQ newsletter! #fintech #consumerlending #crypto