Ex-SoFi CEO Mike Cagney Makes a Comeback With a New Blockchain-Focused Startup – 前首席执行官Mike Cagney回归中古的一个新的blockchain集中启动

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Ex-SoFi CEO Mike Cagney Makes a Comeback With a New Blockchain-Focused Startup - 前首席执行官Mike Cagney回归中古的一个新的blockchain集中启动

Mike Cagney, CEO of SoFi, left, and Erin Griffith at Fortune’s Brainstorm Tech in Aspen, Colo. on July 19, 2017.
Photograph by Jordan Curet for Fortune Brainstorm Tech

Mike Cagney,首席执行官的苏菲,左,和Erin Griffith在头脑风暴技术在Aspen,Colo. 2017年7月19日。Jordan Curet为财富头脑风暴技术拍摄的照片

By

Polina Marinova

May 1, 2018

2018年5月1日由Polina Marinova

Mike Cagney is back on the startup scene.

It’s been less than a year since Cagney was ousted from Social Finance, or SoFi. Now, he has a new startup and lots of funding from at least one of his previous investors.

In the fall of 2017, Cagney quit as the CEO of student loan refinancer SoFi following allegations of sexual misconduct and fraudulent actions by managers.

Seven months later, he’s back for his second act with a new blockchain-focused (surprise!) startup called Figure that helps expedite loan approvals. He has raised $50 million in venture funding from investors including DCM Ventures, Ribbit Capital, and Peter Thiel’s Mithril Capital Management, according to Bloomberg. DCM Ventures invested in SoFi back in 2012.

The new startup plans to offer three- to 10-year home equity loans and a buy-lease-back product, the report says. In other words, it will purchase retirees’ homes and then lease them back. Many banks cut down on these types of loans following the financial crisis, but they’re starting to gain traction again due to rising home prices.

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The fact that Cagney is launching a blockchain startup isn’t all that surprising, as you might remember that he told Fortune at Brainstorm Tech last year that SoFi was exploring a way to use blockchain to revolutionize title insurance. “The blockchain on Ethereum, on the other hand, has absolutely fascinating infrastructure applications,” he said at the time.

Mike Cagney重返创业现场。这是自卡格尼被逐出社会融资不到一年,或软。现在,他有了一个新的启动,在他之前有很多投资者资金。在2017的秋天,卡格尼辞去首席执行官后,学生贷款refinancer软性行为不端的指控并被管理人员欺诈行为。七个月后,他回来了他一个新的blockchain二作为重点(惊喜!)启动称为图形,有助于加快贷款审批。他已经募集了5000万美元的风险资金,投资者包括DCM Ventures,Ribbit的资本,和彼得·泰尔的秘银资本管理,根据彭博社。DCM创投于2012投资于SoFi。新的启动计划提供三年的房屋净值贷款和租赁产品购买回来,报告说。换句话说,它将购买退休人员的家,然后再租回来。许多银行减少对这些类型的贷款,金融危机后,他们开始获得牵引力,又由于不断上涨的房价。签署Term Sheet,幸运的简讯的交易和交易撮合者。事实上,卡格尼推出的blockchain启动并不奇怪,你可能记得他告诉财富头脑风暴技术去年,SoFi在探索一种使用blockchain革新产权保险。“伊斯利恩blockchain,另一方面,绝对迷人的基础设施应用,”他说。

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Ex-SoFi CEO Mike Cagney Makes a Comeback With a New Blockchain-Focused Startup - 前首席执行官Mike Cagney回归中古的一个新的blockchain集中启动

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