Figure Technology Solutions Names Michael Tannenbaum as Chief Executive Officer
2024年4月24日 - 1:00AM
ビジネスワイヤ(英語)
Figure Technology Solutions (“Figure”), provider of a disruptive
and scaled technology platform built to enhance efficiency and
transparency in financial services, today announced the appointment
of Michael Tannenbaum as Chief Executive Officer and a member of
the Board of Directors, effective immediately. In conjunction with
the appointment, Mike Cagney, Co-Founder and previous Chief
Executive Officer of Figure, has assumed the role of Executive
Chairman.
Mr. Tannenbaum is a seasoned finance executive with over 15
years of experience in financial technology and financial services.
Most recently, Mr. Tannenbaum served as Chief Operating Officer at
Brex, where he helped scale the company from a three-person startup
in 2017 to a global entity with more than 1,200 employees, over
$300 million in revenue, and a multi-billion dollar valuation. Mr.
Tannenbaum also served as Chief Financial Officer and Chief
Business Officer during his nearly seven years at Brex, and
currently serves on the company’s board of directors. Prior to
that, he served as Chief Revenue Officer at SoFi, where he played a
key role in the company’s leadership. He also led the company’s
mortgage business during his tenure.
Mr. Cagney said, “We are excited to welcome Michael to Figure at
a pivotal period of growth for the company. Michael’s outstanding
track record of implementing transformative capital market
solutions at global fintech companies, keen ability to attract and
nurture top talent, and deep understanding of our business will be
a significant asset to Figure. We look forward to leveraging
Michael’s leadership and creativity as we continue to evolve and
work towards our goal of creating more efficient and transparent
capital markets.”
Mr. Tannenbaum said, “With its proven ability to develop
cutting-edge technological solutions to streamline the HELOC
lending process, Figure has cemented itself as one of the most
exciting companies in fintech. I am humbled to join Mike and this
extremely talented team that is setting a new standard for the
finance industry and look forward to leading Figure into its next
phase of growth.”
The appointment of Mr. Tannenbaum follows the launch of Figure’s
DART System, a combined lien filing and eNote registry service, and
the company’s AI and machine learning-powered borrower-facing
chatbot, which improves customer support efficiency and further
streamlines the HELOC origination process.
About Figure Technology Solutions
Figure Technology Solutions provides a disruptive and scaled
technology platform built to enhance efficiency and transparency in
financial services. Figure Technology Solutions aims to leverage
the loan origination activities of its subsidiary, Figure Lending
LLC, and its vast network of loan origination partners to deliver
and scale new products. Its platform is designed to create more
transparent and efficient capital markets through the unique
combination of its cutting-edge technology, and the growing pool of
assets originated on its platform. Figure Lending is the largest
non-bank originator of home equity lines of credit.1 With Figure
Lending’s HELOC product, consumers can get approved for a loan in
as few as 5 minutes, with funding in as little as five days. The
company was founded in 2018 by serial technology entrepreneurs Mike
Cagney and June Ou, the visionaries behind the successful
transformation of SoFi into a multi-billion-dollar business. To
learn more, please visit www.figure.com.
1Data accurate as of 2022
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version on businesswire.com: https://www.businesswire.com/news/home/20240422596697/en/
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