Early Life and Education
Michael Cagney was born on February 1, 1971, in Trenton, New Jersey, and grew up in various locations, including Philadelphia, Detroit, and Southern California. He earned a Bachelor of Arts in Economics and a Master of Science in Applied Economics from the University of California, Santa Cruz, in 1994. Later, he received a Master of Science in Management as a Sloan Fellow from Stanford Graduate School of Business in 2011.
Career and Rise to Success
Cagney's career began at Wells Fargo in 1994, where he worked as an analyst and trader. In 2000, he founded Finaplex, a wealth management software company, which was acquired by Broadridge Financial Solutions. He then founded Cabezon Investment Group, a global macro hedge fund. In 2011, he co-founded Social Finance, Inc. (SoFi), where he served as CEO until 2017. SoFi became a leading marketplace lender. In 2018, Cagney co-founded Figure Technologies with his wife, June Ou, focusing on blockchain-based financial products and marketplaces.
Key Business Strategies
At Figure Technologies, Cagney employed innovative strategies to transform capital markets using blockchain technology. He focused on creating native digital assets, emphasizing transactional efficiency, liquidity, and DeFi financing. Under his leadership, Figure was the first to put consumer loans on the blockchain and conducted loan securitizations. Cagney split Figure into Figure and Figure Markets in 2024, serving as chairman of Figure and CEO of Figure Markets. He also founded Provenance Blockchain in 2025, which became the largest public blockchain measured by real-world assets.
Philanthropy
Information regarding Cagney's direct philanthropy amounts is unavailable.
