According to Recode, Mike Cagney is back with a new startup and is pitching to investors such as Peter Thiel and others who backed SoFi; he is reportedly looking to raise around $25 million for the new company which may focus on HELOCs. Source
Lend Academy discusses the changes to the home equity line of credit tax interest deduction with the new tax law and how it may affect unsecured lenders. Source
Mike Cagney was previously a co-founder of SoFi; after resigning last year he began work on a new startup which involves home improvement financing and HELOCs; the company is called Figure and is live at www.figure.com; according to the website, “Figure is a financial technology company with the mission of leveraging blockchain, AI and advanced analytics to unlock new access points for consumer credit products that can transform the financial lives of our customers. We provide home equity release solutions, including home equity lines of credit, home improvement loans and home buy-lease back offerings for retirement.” Source
Back in 2005, Prosper was the first peer to peer lender to launch in this country, offering online unsecured consumer...
Figure, the blockchain-based fintech lending startup founded by Mike Cagney, has a new president; Asiff Hirji was the former president...
Much has been written about the new tax bill as Americans try to figure out how their personal situation may...
Goldman Sachs continues to expand into consumer lending and plans to offer home improvement loans this month; the loans are non-secured personal loans with interest rates lower than credit cards but higher than HELOCs; the company believes the quick financing time will be attractive compared to a HELOC. Source
Cagney was previously the CEO of SoFi; his new venture focuses on home equity loans using blockchain to make the...
It was last November when we first heard that Prosper had plans to expand their offerings from personal...
Blockchain based lending fintech Figure has seen a 300 percent surge in loan applications due to the recent rate cut...