{"id":341975,"date":"2017-05-26T05:07:11","date_gmt":"2017-05-25T21:07:11","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1495997"},"modified":"2017-05-26T05:07:11","modified_gmt":"2017-05-25T21:07:11","slug":"sofi-co-founder-dan-macklin-is-leaving-the-company","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/sofi-co-founder-dan-macklin-is-leaving-the-company\/","title":{"rendered":"SoFi co-founder Dan Macklin is leaving the company"},"content":{"rendered":"

Another\u00a0one 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 he\u2019ll be stepping down from his position on June 6th.<\/p>\n

\u201cFirst of all, I would say it\u2019s been a very difficult decision\u2026 To step away from Sofi \u2014 it\u2019s a hard decision. I feel comfortable making that decision now giving the shape we\u2019re in,\u201d Macklin told me by phone. \u201cThe company is in really great shape, so for me it feels like the right time to make the switch.\u201d<\/p>\n

Macklin\u00a0will be staying on in an\u00a0advisory role on\u00a0the company\u2019s \u201cSoFi at work\u201d efforts. \u201cWe\u2019re working with more than 700 employers to help their employees with all aspects of their financial health, but especially dealing with student debt,\u201d he said. Other than that, we\u2019ll be watching out to see where he lands next.<\/p>\n

Along with SoFi CEO Mike Cagney,\u00a0Macklin was one of four MBA students at Stanford\u2019s 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.<\/p>\n

\"\"<\/a>It\u2019s also grown pretty substantially as a business. After six\u00a0years, SoFi now has more than 300,000 members and has underwritten more than $20 billion in loans, according to a personal familiar with the business. It\u2019s also raised nearly $2 billion in outside funding and has about 1,000 employees.<\/p>\n

Most recently, Macklin was charged with managing the community and customer success at SoFi, which sees\u00a0its member meetups and community events as a key differentiator against more traditional financial services businesses. Prior to that, he served as the company\u2019s first VP of business development.<\/p>\n

In a statement to TechCrunch, Cagney wrote:\u00a0\u201cI\u2019m immensely grateful for everything Dan has contributed to SoFi since we founded the company together at Stanford, and he\u2019ll continue to have a hand in helping us succeed in the future \u2014 including as a permanent ringer on the company soccer team.\u201d<\/p>\n

Of course, it\u2019s not unusual for founders to leave\u00a0after a period of\u00a0several years, but Macklin\u2019s 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<\/a>, but\u00a0Macklin is mostly just looking forward to some time off.<\/p>\n

He told us\u00a0that for the time being he would be taking the summer off. \u201cIt\u2019s not coincidental that my kids are done school a few days after I leave SoFi,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

\"\" Another one of the co-founders of online lending startup SoFi is leaving the company, TechCrunch has learned. Dan Macklin, who served as VP of community and member success at SoFi, has announced internally that he’ll be stepping down from his position on June 6th. Read More<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

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