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 degree in applied economics from the University of California, Santa Cruz, and later obtained an M.S. in Management from Stanford Graduate School of Business.
Rise to Success
Cagney's entrepreneurial journey began with Finaplex, a wealth management software company that he founded in 2000. He later co-founded Cabezon Investment Group, a global macro hedge fund. Cagney gained significant recognition as the co-founder and CEO of SoFi, a fintech company established in 2011. Under his leadership, SoFi achieved a valuation of over $4 billion.
Key Business Strategies
A pivotal moment in Cagney's career was co-founding Figure Technologies in 2018 with his wife, June Ou. Figure, which leverages blockchain technology, has been recognized by Forbes and other institutions. Cagney served as the CEO of Figure until 2024 and now serves as the Executive Chairman. In 2024, Cagney split Figure into two companies: Figure and Figure Markets, with Cagney becoming chairman of Figure and CEO of Figure Markets. Figure went public on the Nasdaq in September 2025.
Philanthropy
While specific amounts of his philanthropy were not found through search, Cagney and his wife are known for their philanthropy and commitment to social justice.