2019 HW Tech Trendsetter: Mike Cagney

Co-Founder and CEO, Figure Technologies

Mike Cagney, Figure Technologies co-founder and CEO

Founded just last year and already in full production with a custom-built blockchain platform called Provenance, Figure is originating over $80 million in home equity lines of credit per month.

Mike Cagney is the co-founder and visionary of both Figure, a consumer finance company, and Provenance, production blockchain for the finance industry. Over $300 trillion moves through global financial markets each year, incurring hundreds of billions of dollars in audit, custody, trustee, reconciliation and administrative costs each year. Many of the markets suffer from significant friction, lack of transparency and limited liquidity. Provenance will dramatically reduce costs, improve liquidity, reduce risk and open new financial markets. Cagney truly blazed the trail by launching the first large, stable and powerful blockchain platform that is already transacting hundreds of millions of dollars of housing loans and proving out the benefits to the finance industry.

Most Popular Articles

FHA, VA join Fannie, Freddie in relaxing some standards

With the coronavirus continuing to reshape the face of the country and the economy, the biggest players in the mortgage business are moving to try to make it easier to lend. Last week, it was Fannie and Freddie. Now, it’s the FHA and VA’s turn.

Mar 30, 2020 By

Latest Articles

Housing industry experts look for glimmers of hope in dismal jobs report

The loss of 701,000 jobs in the early part of March was dramatic, but industry economists and leaders are hopeful the mortgage space and residential construction activity will weather this new storm.

Apr 03, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please