SoFi co-founder Dan Macklin is leaving the company | TechCrunch – TechCrunch

Anotherone of the co-founders of online lending startup SoFi is leaving the company, the company has confirmed to TechCrunch. Dan Macklin, who served as VP of Community and Member Success at SoFi, announced internally that hell be stepping down from his position on June 6th.

First of all, I would say its been a very difficult decision To step away from SoFi its a hard decision. I feel comfortable making that decision now giventhe shape were in, Macklin told me by phone. The company is in really great shape, so for me it feels like the right time to make the switch.

Macklinwill be staying on in anadvisory role onthe companys SoFi at Work efforts. Were working with more than 700 employers to help their employees with all aspects of their financial health, but especially dealing with student debt, he said. Other than that, well be watching out to see where he lands next.

Along with SoFi CEO Mike Cagney,Macklin was one of four MBA students at Stanfords Graduate School of Business who teamed up in 2011 to disrupt the way student loan refinancing was done at the time. Since then, the company has grown to offer a wider range of lending products, including mortgages and personal loans, and is expanding its financial services suite to include wealth management and traditional banking services.

Its also grown pretty substantially as a business. After sixyears, SoFi now has more than 300,000 members and has underwritten more than $20 billion in loans, according to a person familiar with the business. Its also raised nearly $2 billion in outside funding and has about 1,000 employees.

Most recently, Macklin was charged with managing the community and customer success at SoFi, which seesits member meetups and community events as a key differentiator against more traditional financial services businesses. Prior to that, he served as the companys first VP of Business Development.

In a statement to TechCrunch, Cagney wrote:Im immensely grateful for everything Dan has contributed to SoFi since we founded the company together at Stanford, and hell continue to have a hand in helping us succeed in the future including as a permanent ringer on the company soccer team.

Of course, its not unusual for founders to leaveafter a period ofseveral years, but Macklins departure leaves Cagney as the last remaining co-founder at the company. It also comes not long after SoFi lost Nino Fanlo, its longtime president and CFO. Fanlo left to take over the chief finance position at biotech firm Human Longevity, butMacklin is mostly just looking forward to some time off.

He told usthat for the time being he would be taking the summer off. Its not coincidental that my kids are done with school a few days after I leave SoFi, he said.

Go here to read the rest:
SoFi co-founder Dan Macklin is leaving the company | TechCrunch - TechCrunch