Mike Cagney, CEO of the personal finance company and lender Social Finance, has resigned effective immediately, the company announced on Friday

His resignation comes just days after he announced he would be step down at the end of the year over allegations of sexual harassment by its employees.

Executive chairman Tom Hutton will assume the role of interim CEO.

"SoFi's management and employees have built a remarkable company, and I look forward to helping the company continue to grow," Hutton said. "The business is strong, stable and well-positioned. For now, there is no more important work than paving the way for future success by building a transparent, respectful and accountable culture."

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