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Three Executives Leave SoFi
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Three Executives Leave SoFi

Three Executives Leave SoFi

Fintech Nexus Staff·
FintechNews RoundupUSA
·Jun. 5, 2019·1 min read

The three executives leaving the company include marketing chief Joanne Bradford, head of risk Kevin Moss and capital markets exec Ashish Jain; all three have been with SoFi prior to Anthony Noto becoming CEO in 2018; a SoFi spokesman responded to the news stating that the company has hired 12 new executives in the past year and continues to bring in industry-best talent to the company; the WSJ highlights recent challenges for the company including higher interest rates and less lending volume; however a Q1 letter to shareholders highlighted that SoFi was posting higher volumes and revenue compared with the prior quarter for the first time in a year; SoFi’s recent fundraising round of $500 million valued the company at the same valuation as in 2017. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

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