Michael Tannenbaum has been appointed as the new chief executive officer of Figure Technology Solutions Inc. in preparation for the company’s potential initial public offering. Tannenbaum, who was previously the chief operating officer of Brex Inc., will take over leadership from co-founder Mike Cagney.
Cagney and Tannenbaum first met at SoFi Technologies Inc., where Cagney was the CEO and Tannenbaum served as the chief revenue officer. In his new role at Figure, a financial-services firm that specializes in lending products utilizing blockchain technology, Tannenbaum will lead the company through its growth and expansion as it prepares for a possible IPO.
Tannenbaum’s experience in the financial technology sector will be crucial in guiding Figure through this period of growth and leading it towards success. The company looks forward to Tannenbaum’s leadership during this exciting time in its development.