1183: Enter the Blockchain CFO: Reshaping Capital Markets | Macrina Kgil, CFO, Figure

1183: Enter the Blockchain CFO: Reshaping Capital Markets | Macrina Kgil, CFO, Figure

Macrina Kgil recalls a moment when she first encountered blockchain technology and “could not grasp whatever it was trying to do,” she tells us. Even with an engineering background, the concept felt distant and unclear. Yet that early confusion would later become a defining thread in her career.

Years later, when the opportunity arose to join Figure, Kgil recognized something different. The company had moved beyond theory—it was actively commercializing blockchain to reshape capital markets. That realization, she tells us, drew her in. What she saw was an intersection between consumer lending and blockchain innovation, two domains she had come to understand deeply through prior roles.

At Figure, that intersection takes form as a capital marketplace where loans can be originated and sold with greater speed and transparency. Traditional processes, she explains, required extensive validation and negotiation across multiple parties. By contrast, blockchain enables a standardized system where loan ownership is visible and singular—“you can only have one owner,” she tells us—reducing inefficiencies and risks like double pledging.

This progression—from uncertainty to conviction—mirrors Kgil’s broader strategic mindset. Rather than waiting for technologies to mature, she leans into complexity, learning from within. Her decision to engage with blockchain early reflects a willingness to navigate ambiguity in pursuit of long-term impact.

For Kgil, innovation is not simply about adopting new tools. It is about applying them in ways that improve outcomes—making financial systems faster, clearer, and ultimately more effective for those who depend on them.

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1221: Rebuilding Bread Financial’s Capital Foundation—And What It Made Possible | Perry Beberman, CFO, Bread Financial

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When Perry Beberman arrived at what is now Bread Financial, the company had a balance sheet problem. It was carrying too much leverage, had insufficient capital, and needed a more disciplined approach...

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1220: At Hippo, Growth and Risk Work Together | Guy Zeltser, CFO, Hippo Insurance

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In 2023, Hippo faced what CFO Guy Zeltser describes as perhaps the worst quarter in the insurance company’s history. The response was not to chase growth harder. Instead, leadership made a decision th...

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The New Economics of Revenue | Sam Chung, Chief Customer Officer, Salesforce

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How consumption models, AI, and rising complexity are reshaping the CFO mandateRevenue models are becoming more complex—and for finance leaders, the consequences extend well beyond how a company bills...

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2019: Building a Health Plan Around What People Actually Do | Tami Wilson-Ciranna. CFO, Curative

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When Tami Wilson-Ciranna joined Curative in April 2020, the assignment came with what now looks like a spectacularly optimistic assumption: three months.“I met with Fred on a Tuesday and I started on ...

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1218: Why Pegasystems Is Betting on Work, Not Tokens | Ken Stillwell, CFO, Pegasystems

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When Pegasystems began building its cloud business, the economics were hardly what investors would expect from a mature software company. Cloud gross margin was below 30%, recalls CFO and COO Ken Stil...

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2017: A Sharper Portfolio, A Clearer Capital Story | Brittany Cerwin, CFO, Middleby Corporation

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For years, Middleby executives arriving at investor conferences faced a storytelling problem: 30 minutes wasn’t much time to explain three different businesses, each with its own brands, markets, inve...

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People and Places: The Geography of a CFO Career

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CFO careers are often described through titles, companies, and accomplishments. But another force can quietly shape the journey: place.In this themed episode of CFO Thought Leader, five finance leader...

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2016: Building the Operating System for Agentic Automation | Ryan Roccon, CFO, Zapier

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At Zapier, the rise of AI is changing more than the automation products customers build. It is reshaping how the company organizes, invests, prices its offerings, and thinks about its next stage of gr...

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