# Mike Cagney

> Mike Cagney is an American financial technology entrepreneur, the co-founder and founding CEO of SoFi, co-founder and executive chairman of Figure Technology Solutions, and co-founder and CEO of Navra. His career spans bank trading, wealth management software, a macro hedge fund, student lending and blockchain-based capital markets. In October 2026, Navra announced a $19 million Series A led by Ribbit.

- **Role:** Co-founder and CEO at Navra; Co-founder and Executive Chairman at Figure Technology Solutions
- **Organizations:** Navra, Figure Technology Solutions, Figure Markets, Provenance Blockchain, SoFi, Cabezon Investment Group, Finaplex, Wells Fargo, ReFlow
- **From:** Trenton, United States
- **Nationality:** American
- **Education:** B.A. in Economics, University of California, Santa Cruz, M.S. in Applied Economics and Finance, University of California, Santa Cruz, M.S. in Management, Sloan program, Stanford Graduate School of Business
- **Known for:** Co-founded SoFi and led its expansion from student lending into mortgages and personal loans., Led SoFi during its $1 billion SoftBank-led Series E in 2015., Co-founded Figure, which went public on Nasdaq in September 2025.

## Career timeline

- **1994** — Worked as a trader at Wells Fargo; subsequently headed proprietary trading and financial products.
- **2000** — Left Wells Fargo to found wealth management software company Finaplex, later sold to Broadridge.
- **Before 2011** — Co-founded and served as managing member of global macro hedge fund Cabezon Investment Group.
- **2011** — Co-founded SoFi with Dan Macklin, James Finnigan and Ian Brady after meeting at Stanford.
- **2015** — Led SoFi when it announced a $1 billion Series E funding round led by SoftBank.
- **2017** — Left SoFi amid allegations of misconduct and scrutiny of company culture.
- **2018** — Co-founded Figure with June Ou and served as its first CEO.
- **2024** — Became executive chairman of Figure; Michael Tannenbaum became CEO. Cagney also led Figure Markets.
- **2025** — Figure listed on Nasdaq under FIGR in September.
- **2026** — Became co-founder and CEO of Navra; the company announced a $19 million Series A in October.

## Achievements

- Co-founded SoFi and led its expansion from student lending into mortgages and personal loans.
- Led SoFi during its $1 billion SoftBank-led Series E in 2015.
- Co-founded Figure, which went public on Nasdaq in September 2025.
- Helped establish Provenance Blockchain and develop blockchain-based loan origination and capital markets infrastructure.
- Navra announced a $19 million Series A led by Ribbit on October 6, 2026.

## Latest updates

- **2026-10** — On October 6, Navra announced a $19 million Series A led by Ribbit, with Baseline, DCM, Jump Crypto and Figure participating. A limited rollout was planned for October.
- **2026-10** — Figure reported preliminary Q3 consumer loan marketplace volume of $5.119 billion, excluding Kiavi contribution, on October 6.
- **2026-09** — Figure completed its acquisition of Kiavi on September 1.

## Links

- Website: https://www.mikecagney.com/
- LinkedIn: https://www.linkedin.com/in/mikecagney/
- Twitter/X: https://x.com/mcagney

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Profile page: https://yespress.io/mike-cagney
Published by YesPress — https://yespress.io
Last updated: 2026-10-15