As a financial services firm, Figure Technology Solutions Inc. is preparing for its potential initial public offering, and in anticipation of this crucial moment, the company has appointed Michael Tannenbaum as its new chief executive officer.
Tannenbaum was previously the chief operating officer at Brex Inc., where he demonstrated his ability to lead a successful financial technology company. Before that, he served as the chief revenue officer at SoFi Technologies Inc., where he first met co-founder Mike Cagney.
In his new role at Figure, Tannenbaum will be responsible for leading the company through its growth and expansion as it prepares for an IPO. His experience in the financial technology sector will be crucial in navigating this period of development.
Cagney will transition to the role of executive chairman at Figure to support Tannenbaum in his new position. The two have worked together before at SoFi, and Cagney believes that Tannenbaum’s leadership skills will help guide Figure through this exciting time in its development.
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