Mike Cagney, SoFi's CEO has grand ambitions and more than $1b in funding to make them a reality. Business Insider interviewed Mike to discuss everything from from interest rates to policy changes.
For SoFi's — and Cagney's — next act, the company will take on mortgage lenders. It's an industry that has seen increased challenges to traditional loan providers like Wells Fargo in recent years. He even thinks SoFi could one day take on fintech's biggest challenge, and one of Wall Street's biggest businesses: the checking account. He's not stopping there. SoFi could yet take on wealth management, which has attracted numerous startups, as Cagney tries to take his company and the budding online banking industry into the stratosphere. He thinks SoFi has the potential to become a $30 billion firm.