SoFi’s Former CEO Harnesses the Blockchain for Home Loan Startup

Mike Cagney, who built SoFi into America’s biggest student loan refinancer, is preparing for his second act: a startup offering home-equity loans. Cagney has raised $50 million for San Francisco-based Figure, which plans to use the blockchain to help expedite loan approvals in minutes rather than days, according to people familiar with the matter.


Source: Bloomberg Technology

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