In the bid to change financial services, to broaden financial inclusion, the promise of challenger banks was that they’d upend the way financial products could be designed and could come to market. But the challengers have some challenges of their own, as Mike Cagney, CEO...
Mike Cagney first made his name in financial services as the founder and CEO of SoFi, an alternative credit startup that got its start re-refinancing student loans for graduates of elite universities. SoFi grew up quickly, expanding both the number and types of products it...
It’s been a full year for SoFi, as the personal finance company attempts to get back on track after a 2017 that was, at best, tumultuous. In his first letter to investors, SoFi’s new CEO, Anthony Noto, did not directly reference the founding CEO, Mike Cagney,...
SoFi Founder and former CEO Mike Cagney is getting ready to launch a startup offering home equity loans. According to Bloomberg, Cagney has raised $50 million for San Francisco-based Figure, which will use blockchain to expedite loan approvals in minutes rather than days. Sources say...
September 26, 2022
In the bid to change financial services, to broaden financial inclusion, the promise of challenger banks was that they’d upend the way financial products could be designed and could come to market. But the challengers have some challenges of their own, as Mike Cagney, CEO of Figure Technologies, told Karen Webster. Banking-as-a-service is becoming commoditized, […]
April 23, 2024
Figure Technology Solutions has named Michael Tannenbaum as CEO and a member of the board of directors, effectively immediately. The company’s previous CEO, co-founder Mike Cagney, has assumed the role of executive chairman, Figure said in a Tuesday (April 23) press release. Tannenbaum was most recently chief operating officer at Brex and remains a member of that company’s board of directors, according […]
October 10, 2018
Mike Cagney first made his name in financial services as the founder and CEO of SoFi, an alternative credit startup that got its start re-refinancing student loans for graduates of...
May 01, 2018
SoFi Founder and former CEO Mike Cagney is getting ready to launch a startup offering home equity loans. According to Bloomberg, Cagney has raised $50 million for San Francisco-based Figure,...
April 10, 2018
Social Finance (SoFi) has named Michelle Gill as its next chief financial officer. “We’re thrilled to have Michelle join the SoFi team,” according to a company statement. “She has deep...
