SoFi founder's new startup launches 5-minute approvals for home equity loans

Mike Cagney resigned from SoFi in 2017 due to sexual harassment allegations. Now he's back with a new startup, Figure, and a digital home equity loan product.

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Disgraced former SoFi CEO Mike Cagney is back with a new venture, just over a year after resigning from the company he helped found over sexual harassment allegations.