Executive Spotlight: Michael Tannenbaum, Chief Executive Officer of Figure Technology Solutions (2027)
Michael Tannenbaum is the Chief Executive Officer of Figure Technology Solutions, the blockchain-based financial platform known for home equity lending. Figure announced his appointment on April 23, 2024, when co-founder Mike Cagney moved from CEO to executive chair. Figure's website still lists him as CEO, and trade coverage of the company's second-quarter 2026 results in August 2026 quotes him in that role.
Before Figure he spent more than six years at Brex, ending as chief operating officer, and earlier worked at SoFi as chief revenue officer and head of its mortgage unit.
This page uses public professional information only.
Current role and company
Tannenbaum is CEO of Figure. The company's About page lists him as CEO, and Figure's newsroom credits him as author of an October 9, 2025 opinion piece under the byline "Michael Tannenbaum, CEO of Figure." HousingWire's report on the second-quarter 2026 results, published after the August 2026 earnings, quotes him on the company's take rate. We found no report of a departure or title change. The About page carries his title but no biography.
Figure describes itself as the first and largest financial platform using blockchain to drive real-world value to consumers, investors, partners and financial institutions. The company's homepage cites more than $30 billion in equity unlocked and more than 382,000 households served.
- TitleChief Executive Officer, Figure Technology Solutions.
- AppointedApril 23, 2024 (Figure announcement); Cagney moved to executive chair.
- Predecessor as CEOMike Cagney, co-founder, who remained CEO of Figure Markets.
- RecognitionHousingWire 2025 Vanguard honoree.
Career path
Dates below are as stated by the sources we read.
- SoFi, 2014 to 2017. Banking Dive reports he worked with Cagney there as chief revenue officer and senior vice president of the mortgage unit.
- Brex, more than six years. Chief financial officer and chief business officer for the first four years, then chief operating officer for the last two, per Banking Dive. When Figure named him CEO, the report said he had left the operating role in January and remained on Brex's board.
- Figure, from April 2024. Named CEO effective immediately. On the move he said it "feels like a homecoming," in a LinkedIn post quoted by Banking Dive.
- July 2025 merger. HousingWire's 2025 Vanguard profile says he led the combination of Figure Technology Solutions and Figure Markets, bringing together Figure Connect and Democratized Prime.
We did not find a source for his education, so we do not state it.
What he is known for
- Fintech operator. A Fintech Leaders interview describes him as having helped build both Brex and SoFi and as having led or expanded multiple divisions at fast-growing fintechs.
- Merging Figure's businesses. He led the July 2025 merger described above, per HousingWire.
- Blockchain-based lending. He argues that blockchain reduces reliance on trust, because loans are validated once at origination rather than repeatedly by third parties as they move through capital markets.
- Industry recognition. HousingWire named him a 2025 Vanguard honoree. Its profile lists the Piggyback HELOC (launched Fall 2024) and a securitization rated by S&P Global Ratings among Figure's milestones.
Leadership style and philosophy
These points come from his own interview with Miguel Armaza on Fintech Leaders. He rejects the adage of hiring good people and getting out of the way: "It just doesn't work," he says, arguing that founders and CEOs often hold the most context. He prefers direct access to employees across several layers of the organization, so that decisions are not diluted by filtering.
He also uses "big rocks," a short list of four to five company goals that stay consistent across quarters, tracked through bi-weekly meetings and dedicated Slack channels. His summary of the industry: "If you want an easy life, don't be in Fintech."
Key numbers
These are Figure's second-quarter 2026 figures (quarter ended June 30, 2026), reported by HousingWire from the company's August 13, 2026 results and labelled company-reported. They describe the company, not his personal results.
- Net revenue$225.6M, up 113% year over year (Q2 2026, company-reported).
- Adjusted net revenue$218.4M, up 95% year over year (company-reported).
- Net income$87.4M, up 192% from $30M a year earlier (company-reported).
- Adjusted EBITDA$119.4M, a 55% margin (company-reported).
- Consumer Loan Marketplace volume$4.3B, up 132% year over year (company-reported).
- Active origination partners489, up 102 from the first quarter (company-reported).
In the earnings coverage, he attributed the 3.6% net take rate to larger partners moving to Figure Connect, higher interest rates and faster first-lien growth.
What to watch next
Worth tracking: the Kiavi acquisition, which HousingWire says is expected to close by year-end, Figure's next quarterly results, and any further opinion pieces from him in Figure's Company Voices series.
Questions people ask
Who is Michael Tannenbaum?
He is the Chief Executive Officer of Figure Technology Solutions and a former Brex chief operating officer and SoFi chief revenue officer.
Is Michael Tannenbaum still CEO of Figure?
Figure's About page lists him as CEO, and August 2026 coverage of its second-quarter results quotes him in that role. We found no report of a change.
When did he become CEO of Figure?
Figure announced his appointment on April 23, 2024, with Mike Cagney moving to executive chair.
Where did he work before Figure?
Brex for more than six years, as CFO and chief business officer and then chief operating officer, and earlier SoFi, where he was chief revenue officer.
What did he do in 2025?
HousingWire says he led the July 2025 merger of Figure Technology Solutions and Figure Markets, and named him a 2025 Vanguard honoree.
Is this the same Michael Tannenbaum as others with the name?
This page covers only the Figure CEO. The photo comes from Figure's own About page, which lists him under that name.
Sources
- Figure: About · Current title, official headshot
- Figure: homepage · Company description and headline figures
- Figure: announcement of Michael Tannenbaum as CEO · April 23, 2024 announcement date
- Banking Dive: Figure names Tannenbaum CEO · SoFi and Brex roles, Cagney's change, quotes
- HousingWire: 2025 Vanguard, Michael Tannenbaum · 2025 merger, recognition
- Fintech Leaders: Michael Tannenbaum, CEO of Figure · His views on leadership and blockchain
- HousingWire: Figure Q2 revenue and take rate · Second-quarter 2026 figures
- Figure Company Voices: Tricolor and the End of Honor System Finance · October 9, 2025 byline as CEO
Facts were read from the linked pages on October 31, 2026. Some pages were read through a fetch tool that returns summaries, so confirm details on the original page. The hero photo is the headshot on Figure's About page, centered on a card. This page covers public professional information only.
Top photo: Figure (figure.com/about)