As previously reported, online lender Mike Cagney raised $1bn in September, which was the single biggest financing round by any company in the fintech industry. Now, Mike Cagney CEO, SoFi, is pursuing a $30bn valuation. “We have a path that we’re executing against, and it’s around the idea that these are things, we think, [will] get us to a $30 billion valuation,” he said in a recent interview. He also hinted that Mike Cagney was looking at other areas of financial services that might be ripe for disruption: “We’re looking at the entire landscape of financial services,” he told Business Insider. “Like, life insurance, for example.”
As previously reported, online lender SoFi raised $1bn in September, which was the single biggest financing round by any company in the fintech industry. Now, SoFi CEO, Mike Cagney, is pursuing a $30bn valuation. “We have a path that we’re executing against, and it’s around the idea that these are things, we think, [will] get us to a $30 billion valuation,” he said in a recent interview. He also hinted that SoFi was looking at other areas of financial services that might be ripe for disruption: “We’re looking at the entire landscape of financial services,” he told Business Insider. “Like, life insurance, for example.”