Mike Cagney’s Figure Technology Taps Tannenbaum as Its New CEO

Figure Technology Solutions Inc. tapped Michael Tannenbaum as its new chief executive officer, ahead of the financial-services firm’s potential initial public offering.

Tannenbaum, former chief operating officer of Brex Inc., takes over leadership of Figure from co-founder Mike Cagney, the company said in a statement Tuesday. The two met at SoFi Technologies Inc., which Cagney co-founded and led, and where Tannenbaum was chief revenue officer. Cagney will stay on as executive chairman of Figure, which specializes in lending products using blockchain-enabled technology.

Michael Tannenbaum

Source: Figure Technology Solutions Inc.

“We are excited to welcome Michael to Figure at a pivotal period of growth ...