August 23, 2022

Mike Cagney, Founder of Figure & SoFi – Building Massive Transformational Companies, Key Founder Lessons, & How Blockchain is Revolutionizing Financial Services

31 minutes

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Miguel Armaza sits down with fintech legend, Mike Cagney, Founder & CEO of Figure, one of the fastest growing fintech companies in the US, where they are on a mission to transform financial services through blockchain, bringing speed, efficiency and savings to both consumers and institutions.

Founded in 2018, Figure has raised almost $500M in equity from top investors, including DST Global, Ribbit, Fin Capital, RPM Ventures, Thomvest, JP Morgan, Apollo, and many more.

Prior to Figure, Mike also co-founded SoFi and built the company into a multi-billion-dollar business under his leadership as CEO.

In this episode, we discuss:

Reflections from his experience launching and building SoFi, why their original idea failed, and how they quickly iterated and found a winning formula
Importance of company culture and why the founding team at Figure spent a couple of months establishing a genuine culture that could scale before doing anything else
How Figure is already using blockchain technology to disintermediate the financial market to displace trust with truth and go after a $100 billion opportunity
Their strategy to quickly launch an impressive number of products in an empathetic way to the consumer… and a whole lot more!

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Miguel Armaza is Co-Founder & Managing General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.

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By Miguel Armaza

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August 23, 2022

Mike Cagney, Founder of Figure & SoFi – Building Massive Transformational Companies, Key Founder Lessons, & How Blockchain is Revolutionizing Financial Services

31 minutes

Send us a text

Reflections from his experience launching and building SoFi, why their original idea failed, and how they quickly iterated and found a winning formula
Importance of company culture and why the founding team at Figure spent a couple of months establishing a genuine culture that could scale before doing anything else
How Figure is already using blockchain technology to disintermediate the financial market to displace trust with truth and go after a $100 billion opportunity
Their strategy to quickly launch an impressive number of products in an empathetic way to the consumer… and a whole lot more!