Figure Technology Solutions Brings Michael Tannenbaum in the Role of CEO to Spark Growth

Amidst a strategic shift in leadership, Figure Technology Solutions embarks on a new chapter of expansion with the appointment of Michael Tannenbaum as its CEO and board member. Tannenbaum, previously renowned for his roles at Brex and SoFi, steps into the CEO position, while co-founder Mike Cagney transitions to the role of Executive Chairman, marking a significant evolution for the company.

Tannenbaum’s appointment comes at a crucial juncture for Figure as it accelerates its growth trajectory, buoyed by recent innovations such as the DART System and an AI-driven chatbot aimed at revolutionizing the HELOC origination process. His extensive experience in scaling FinTech ventures and driving transformative solutions aligns seamlessly with Figure’s mission to revolutionize capital markets.

In a statement, Cagney expressed confidence in Tannenbaum’s leadership prowess and vision, highlighting his track record in implementing groundbreaking capital market solutions and nurturing top-tier talent. Tannenbaum, in turn, expressed his eagerness to spearhead Figure’s journey into the future, emphasizing the company’s commitment to pioneering efficiency and transparency in finance.

Founded in 2018 with a vision to disrupt traditional lending paradigms through blockchain technology, Figure has swiftly emerged as a frontrunner in the FinTech landscape. Its innovative approach, exemplified by the rapid approval times of its digital home equity loans, underscores its dedication to delivering unparalleled value to customers.

As Figure transitions under Tannenbaum’s guidance, it signals not just a change in leadership but a bold stride towards redefining the norms of financial services, cementing its status as a trailblazer in the FinTech arena.

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