Tagged: mike cagney

Go Figure: Mike Cagney Raises $50M Easily, Despite Quitting SoFi Amid Sexual Harassment Allegations

Courtesy ptmoney.com

Mike Cagney, the former SoFi CEO, raises $50M for Figure, his new fintech venture focused on home equity lending, reported Bloomberg. Cagney left Sofi late last year as the platform was upended with legal challenges regarding accusations of allowing a “sexually charged corporate culture that condones… Read More

Mike Cagney’s New Blockchain based Online Lending Venture Figure is out of Stealth Mode

Mike Cagney, a Fintech icon who was founder and CEO of SoFi until he was ejected by the company’s board, has brought his newest startup out of stealth mode. Figure, a Blockchain based online lending platform, is now ready accepting emails for future updates. Figure… Read More

Twitter COO Anthony Noto Expected to Move into SoFi CEO Role

Anthony Noto, Chief Operating Officer at Twitter, is expected to move into the CEO spot at Fintech platform SoFi, according to multiple reports. Noto is responsible for Twitter’s  business operations and revenue generating organizations, including global advertising sales, global partnerships, business development, live content, data, revenue… Read More

SoFi’s Former CEO Mike Cagney Seeks $25 Million For His New Fintech Startup

Just a few months after he was dismissed from SoFi amid sexual harassment allegations, the founder and former CEO of the online lender, Mike Cagney, is now seeking $25 million for his new fintech startup. As previously reported, allegations in an NYT.com article criticized both SoFi operations… Read More

A Day Late & a Dollar Short? SoFi Reportedly Spoke with Schwab, Others About Acquisition

SoFi (or Social Finance) held talks with Charles Schwab about a potential acquisition earlier this year. The high-profile Fintech firm apparently discussed an $8 billion valuation following an “indicative offer of $6 billion” from a foreign bank. This is according to a report in the… Read More

SoFi’s CTO, Mike Cagney’s Wife, to Depart Fintech Firm

June Ou, SoFi’s CTO and VP of Engineering, will depart the online lender. The move is not completely unexpected as Ou is also the wife of ousted founder Mike Cagney who ignominiously left the firm under a cloud opprobrium. Reuters first reported the news last… Read More

Mike Cagney Resigns as SoFi CEO Effective Immediately

SoFi CEO Mike Cagney has resigned as CEO, effective immediately. Recently, Cagney had announced he had resigned as Board Chair and would vacate the position of CEO at the end of the year. Allegations in an NYT.com article hammered both SoFi operations and Cagney’s behavior… Read More

NYT Reports Details on SoFi CEO Cagney’s Impending Departure from Fintech Firm

Additional details have been reported surrounding the planned departure of one of the most prominent Fintech CEOs in the world. NYT.com has published a report on the “Frat House” like environment that existed at SoFi with CEO Mike Cagney reportedly being a prime offender. The… Read More

Shocker: SoFi CEO Mike Cagney to Step Down End of Year

SoFi co-founder and CEO Mike Cagney has announced he will resign from SoFi at the end of this year. In a message to SoFi employees last night, Cagney said it was with “heavy heart” he will depart the iconic firm he founded. The announcement comes… Read More

Report: SoFi CEO Cagney Cancels Participation at Goldman Fintech Event

SoFi CEO Mike Cagney has decided not to participate in the Goldman Fintech event taking place this week in Manhattan, according to a report by Bloomberg. The report attributed the schedule change to the ongoing litigation that is challenging the Fintech platform. SoFi Spokesperson Jim… Read More

Anti Bank SoFi Will Become a Bank

SoFi has decided to become a bank. The Fintech firm that has spent so much time telling the world they were not a bank has decided to join the ranks of their erstwhile adversaries and apply for a bank charter. If you can’t beat-em, join-em…. Read More

SoFi Announces Raise Week Campaign to Help Customers Get Paid For What They’re Worth

On Tuesday, SoFi announced its weeklong Raise Week campaign, which is described as a week of online education, in-person events, and personal career coaching to help its customers get what they’re truly worth in the workforce. While sharing details about the campaign, which will kick… Read More

SoFi Elects Mike Bingle, Steven Freiberg, & Robert L. Joss to Board of Directors

Online lender SoFi announced on Thursday it has elected Mike Bingle, Steven Freiberg, and Robert L. Joss to its Board of Directors. This news comes just a couple of weeks after the lending platform closed a $500 million funding round led by Silver Lake. While sharing… Read More

SoFi Moves Closer to the Future of Banking with Acquisition of Zenbanx

Top Online Lender SoFi Acquires Digital Only Bank Zenbanx SoFi has announced the acquisition of Zenbanx, a Delaware-based Fintech firm providing multi-currency mobile banking services in the U.S. and Canada. SoFi revealed it intends to leverage Zenbanx’s platform and underlying technology to expand its growing suite of… Read More

SoFi’s Mike Cagney Discusses Future Plans & Competition on “Bloomberg Technology” (Video)

Earlier this week, CEO of online lender SoFi, Mike Cagney, sat down with Caroline Hyde on “Bloomberg Technology” to discuss the platform’s plans for 2017 along with revealing details about the lender’s competitors. SoFi, which was founded in 2011, currently offers various types of lending options…. Read More

SoFi Chats Up Employee Benefit Program for Student Debt

SoFi has released a new service as they expand their financial wellness offerings. SoFo has created “SoFi at Work”, the program is similar to a 401(k) where companies offer the service as a nice benefit. It should be noted that SoFi contributes $200 to each… Read More

Big Deal: US Fintech SoFi’s $500M Raise Will Enable Growth and Global Reach

The word on the street is that one of the US’ largest online lenders, SoFi, is pitching a new $500 million fundraising effort, according to the WSJ; the San Francisco-based privately held lender helmed by CEO Mike Cagney will reportedly use the funding for new growth initiatives among mass-market borrowers and… Read More

#LenditUSA Bigger than Ever as Online Lending Begins to Mature

  LenditUSA 2016 was bigger than ever. If you look back just three years the venue and the organizers have scaled what was once a relatively small gathering of 375 industry participants in 2013 to one that is truly a global event with over 3,500… Read More

Brief: SoFi Launches Hedge Fund

While this should probably not come as a surprise, SoFi CEO and founder Mike Cagney spoke to WSJ.com and announced the creation of a hedge fund.  The SoFi Credit Opportunities Fund filing hit the pages of the SEC in January and is designed to invest in SoFi’s own… Read More

SoFi Said to be Exploring Launch of REIT as Range of Services Expand

SoFi, perhaps the fastest growing marketplace lending platform, is investigating the possibility of launching a Real Estate Investment Trust (REIT). This is according to a report in Bloomberg that cited people with knowledge of the preparations.  SoFi is said to be considering the option as… Read More