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Dan Macklin, VP of Community and Member Success at SoFi, has officially left the online lending startup effective today, June 6th.
Last week, TechCrunch reported that Macklin had announced internally he would be leaving SoFi, but today, his decision has become official.
“First of all, I would say it’s been a very difficult decision… To step away from SoFi — it’s a hard decision. I feel comfortable making that decision now given the shape we’re in,” Macklin told TechCrunch. “The company is in really great shape, so for me it feels like the right time to make the switch.”
Macklin will not be severing ties with SoFi completely. He will work in an advisory role on the company’s “SoFi at Work” efforts. “We’re 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.
Macklin served as SoFi’s first VP of Business Development. In his most recent role, Macklin handled community and customer success at the company, which values its member meetups and community events.
SoFi CEO Mike Cagney said the following of Macklin: “I’m immensely grateful for everything Dan has contributed to SoFi since we founded the company together at Stanford, and he’ll continue to have a hand in helping us succeed in the future — including as a permanent ringer on the company soccer team.”
In addition to acting SoFi CEO Mike Cagney, Macklin was one of four Stanford MBA students in the Graduate School of Business who got together in 2011 and changed the game of student loan refinancing online.
Since starting as a student loan refinancing company in 2011, SoFi has grown immensely to offer a range of lending products, such as mortgages and personal loans. It is also expanding its financial services suite to include wealth management and traditional banking services.
SoFi now boasts over 300,000 members and has reportedly underwritten more than $20 billion in loans. The company has also raised nearly $2 billion in outside funding and has roughly 1,000 employees.
Macklin’s departure from SoFi leaves Cagney as the last remaining co-founder still at the company. Recently, Nino Fanlo, former president and CFO of SoFi, left the company to become CFO at biotech firm Human Longevity.
Macklin has no immediate plans and intends on taking the summer off to spend time with his family. “It’s not coincidental that my kids are done with school a few days after I leave SoFi,” he said.
Author: Andrew Rombach
Andrew writes engaging and informative content for readers looking to find information about topics such as student loans, credit cards, personal loans, and small business financing. Andrew’s work has been featured in Market Watch, Bankrate, The Penny Hoarder, and the Lacrosse Tribune.