Mike Cagney

After Mike Cagney’s board ousted him amid allegations of sexual harassment, the founder of SoFi is already plotting his comeback. Cagney has been approaching investors in recent weeks about a new fintech startup with a plan to raise about $25 million, according to multiple people familiar with his outreach. He has pitched investors such as Peter Thiel along with several others who were backers of SoFi, a company that Cagney pushed to become worth almost $5 billion. The quick rebound has angered some industry observers and others close to Cagney, who only left SoFi on Sept. 15 2017. Cagney was forced out after a series of damaging stories that detailed a workplace culture rife with alleged misconduct and improper treatment of women. Cagney is starting the new company alongside his wife, June Ou, who previously served as SoFi’s chief technology officer. Cagney previously worked at Cabezon Investment Group, his hedge fund that SoFi acquired in 2016.