Mike Cagney![]()
Founder Cabezon
Co-Founder SoFi, Figure, Provenance and Figure Markets
Mike brings decades of experience in the financial industry to Figure. Prior to founding Figure and serving as its first CEO, he was CEO, chairman and co-founder of SoFi, a leading marketplace fintech. He was also co-founder and managing member of Cabezon Investment Group, a global macro hedge fund, in addition to serving as a non-executive chairman of ReFlow. Before Cabezon, Mike founded, was CEO and then vice chairman and chief architect of Finaplex, a leader in wealth management software that was sold to Broadridge (NYSE: BR). Prior to Finaplex, Mike was Senior Vice President and head trader for the proprietary trading and financial products group at Wells Fargo Bank.
I read the Needham report on @figure today. They have a good take on the Kiavi acquisition and the operating model, overall. The core ecosystem - originators, connect (trading) and financing (wholesale, DeFi) - continues to hit on all cylinders. I also agree with their
Mike Cagney
Jul 01
This is a huge transaction for @Figure. It provides the foundation for the to-be-announced (TBA) security market. TBAs allow originators to sell forward production, eliminating market risk (price and liquidity). TBAs have previously been limited to the GSEs (Fannie and Freddie) - https://t.co/LSlcPMh9mq
Mike Cagney
Jun 30
For those interested, @figure filed for it's 10th ABS deal this year. I think that puts Figure behind JPM, on top of Wells Fargo and ahead of BofA for ABS deals in 2026. Banks need to get on the blockchain bandwagon here, or they will lose their dominance in the space.
Mike Cagney
Jun 28
I have issues with how overly targeted the X feed engine is with AI right now. I am doing a lot of work using LLMs. My X feed is overrun with the same agent-produced tweets: "This is <great, gold, awesome>. A <anthropic, google, Grok> engineer just dropped a master course on
Mike Cagney
Jun 27
Had a fun time talking with @ysiu and the @animocabrands team on @NUVAFinance, blockchain and wallets. https://t.co/ljqIMzVcEu
Mike Cagney
Jun 12
This is a great acquisition for @Figure. Key points on the Kiavi deal: - Massive TAM in first lien RTL and DSCR loans - first lien 25x larger than 2nd - Kiavi 2025 numbers: $7B of volume, $250M revenue, $100M EBITDA - $100-$200M of starting volume to Democratized Prime, majority
Mike Cagney
Jun 10