Michael 'Mike' Cagney is an American entrepreneur and technologist born on February 1, 1971, in Trenton, New Jersey. He grew up in Philadelphia and Detroit, eventually earning a degree in Applied Economics from the University of California, Santa Cruz.

Cagney pursued a Sloan Fellowship at the Stanford Graduate School of Business in 2010. Before his high-profile fintech ventures, he spent years as a trader with Wells Fargo and founded the wealth management software company Finaplex.

• Core Company: Figure Technology Solutions.
• Educational Background: Stanford Sloan Fellow; UC Santa Cruz alumnus.
• Origins: Self-made entrepreneur with deep roots in institutional trading.

Michael Cagney’s career is defined by two major disruptive waves in finance. In 2011, he co-founded SoFi (Social Finance), which revolutionized student lending by lowering costs for alumni and students. He led SoFi as Chairman and CEO until 2017.

In 2018, he co-founded Figure Technology Solutions with his wife, June Ou. Figure became the first company to put consumer loans on the blockchain, significantly speeding up the mortgage and HELOC processes. In September 2025, Figure successfully went public on the Nasdaq, reaching a valuation of $7.6 billion and cementing Cagney’s status as a top fintech billionaire.

• Role: Executive Chairman of Figure; co-founder of Provenance Blockchain.
• Innovation: Launched the first public security stablecoin, $YLDS, in 2025.