Setpoint serves as the third-party review provider for FIGRE Trust 2026-EXP2, a $316.3 million securitization backed by home equity lines of credit and sponsored by Figure Technology Solutions. The transaction closes on August 31, 2026, with a Morningstar DBRS rating.
Setpoint announces an agreement to acquire inTENT Fulfillment. The deal expands rating-agency-approved loan diligence and transaction management across residential mortgage and home-equity products.
Following the collapses of Tricolor and First Brands, Setpoint launches Setpoint PledgeCheck, a market standard for checking that assets in a collateral pool are unique and pledged to only one counterparty. The launch targets double pledging by verifying asset uniqueness and single-counterparty collateral assignments.
Setpoint raises $43 million in a Series A led by Andreessen Horowitz and aims to be the Stripe for credit. Founded in 2021 by Ben Rubenstein, Stuart Wall, and Michael Lam, the company has previously raised a $5.5 million seed round.
