Figure vs Milo

How Figure vs Milo compare on our ratings, earn platform specs, funding, pros and cons.

Figure4.1/5

Milo3.8/5

Feature	Figure Visit	Milo Visit
Ratings
Our score	4.1/5	3.8/5
User rating	No reviews yet	No reviews yet
Rates	4.0	3.0
Security	4.5	4.5
Transparency	4.5	4.0
Flexibility	3.0	3.5
Support	4.0	3.5
Specs
KYC required	Yes	Yes
Products	Savings / earn, Crypto-backed loans	Crypto-backed loans
Highest advertised APY	9%	Not disclosed
Max loan-to-value	50%	100%
Loan APR from	10%	7%
Supported assets	3	3
Available in	United States	United States
Insurance	Not disclosed	Custody insurance via BitGo and Coinbase
Licenses & registrations	Not disclosed	Licensed mortgage lender in 10+ U.S. states, NMLS registered
Fixed terms	Yes	Yes
Company
Founded	2018	2018
Headquarters	—	United States
Investors	Not disclosed	M13, MetaProp, QED Investors
Strengths and weaknesses
Pros	Fixed 8.91% interest rate at 50% LTV for crypto loans Over $30B in total loan origination volume Underwriting for HELOC lines up to $750,000 approved in minutes Yields up to 9% through Democratized Prime lending	Over $250 million originated across digital mortgage and cash lending products Pledged collateral is held without rehypothecation at Coinbase and BitGo Self-custody mortgage option removes the threat of margin calls Licensed direct mortgage lender holding licenses in 10+ U.S. states
Cons	Mortgage and HELOC products are unavailable in New York State Digital asset collateral is restricted to BTC, ETH, and SOL Yield products carry counterparty exposure to borrower default and margin positions Mandatory KYC identity checks for all credit products	Loan APR starts at 10.75% alongside a 2% origination fee Mandatory identity verification and standard mortgage underwriting on all files Self-custody reserve mortgages require a minimum loan balance of $200,000 Custodial loans face margin liquidation risk if crypto asset prices drop
Best for	Holders borrowing against BTC, ETH, or SOL, US homeowners needing fast HELOC funding, Real estate investors using rental income	Crypto holders buying U.S. real estate, Borrowers avoiding capital gains taxes, Bitcoin holders wanting self-custodial reserves

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