Tagged: commonbond

Fintech CommonBond Acquires NextGenVest, Now Serves 100,000+ Students

Paying for college can be complex and stressful, and that stress follows most people well past graduation – but it doesn’t have to, says David Klein, CEO and co-founder of CommonBond. The Fintech reports that it is executing on its mission having now provided lower cost lending to more than 100,000 Gen… Read More

CommonBond Teams Up with Investor Fifth Third Bank on Student Loans

Online lender CommonBond has partnered with Fifth Third Bank to provide students a path to better manage their student loans. Fifth Third Bank is also an investor in the Fintech platform. CommonBond is a platform that finances and refinances student loans. The company will also… Read More

Online Lender CommonBond Issues 2nd AAA Rated Securitization

Online lender CommonBond has issued its second AAA rated securitization from Moody’s and DBRS. This is the largest securitization for CommonBond yet at $292 million of total collateral. This was the second securitization for 2018 and the 7th overall bringing the total to $1.5 billion…. Read More

CommonBond’s Latest Study Reveals the Missing Benefit in Employee Financial Wellness

On Tuesday, CommonBond, an online lending platform servicing the student loan market, released the results of one of the most comprehensive employee financial wellness benefits studies to date. According to the lender, the research revealed the extent to which student debt affects employees’ financial wellness, as well… Read More

Fifth Third Bank Leads $50 Million Funding Round for CommonBond

CommonBond, a Fintech platform that enables students and graduates to finance their education, has announced a new $50 million Series D funding round. Fifth Third Capital Holdings, part of Fifth Third Bankcorp (NASDAQ:FITB) led the round with participation from First Republic Bank (NYSE: FRC) and… Read More

Online Lender CommonBond Receives First AAA Rated Securitization

  CommonBond, an online lending platform servicing the student loan market, has received its first triple A rating for securitization. Moody’s has assigned provisional ratings of (P)Aaa (sf) to Class A-1 and A-2 notes to be issued by CommonBond Student Loan Trust 2018-A-GS (CBSLT 2018-A-GS)…. Read More

Largest & Highest Rated: CommonBond Closes $248 Million Securitization

CommonBond, an online lender that helps students and graduates finance their loans, has closed a $248 million securitization of refinanced student loans. This is the largest and highest rated securitization for the Fintech to date. The offering’s most senior notes achieved AA ratings from Moody’s,… Read More

Wheelchair Accessible Device Piero Named Winner of the Fourth Annual CommonBond Social Impact Award

Piero, with a co-founding team of six students from Brigham Young University, was dubbed winner of the fourth annual CommonBond Social Impact Award from fintech company CommonBond in partnership with Pencils of Promise. According to CommonBond, the award honors the nation’s top undergraduate entrepreneur whose for-profit… Read More

CommonBond Closes $231 Million Securitization of Student Loans

CommonBond is reporting they have closed a $231 million securitization of refinanced student loans. The online lender says the issuance received their highest ratings to date with Moody’s rating Aa3, DBRS at AA. The securitization was CommonBond’s fourth and largest and was said to be… Read More

CommonBond Social Impact Award Accepting Applications

CommonBond, an online lending platform and community that is targeting the student loan space, has launched a new competition that is giving away $10,000. In partnership with Pencils of Promise, CommonBond has launched the Social Impact Award. According to their site, CommonBond and Pencils of… Read More

CommonBond Now Offers Student Loans to All Undergraduate & Graduate Students

CommonBond, a student loan provider that previously offered financing only to MBA students, has pushed into student loans for both current undergraduates and graduate students. The online lender said it is the first and only company in the US to offer a full suite of student… Read More

CommonBond Launches New Scholarship Program to Fund Education

CommonBond, an online lender that provides student loan refinancing as well as personal loans, has launched a new scholarship program. CommonBond has now lent almost a billion dollars to fund education and they see an opportunity to help make student loans more affordable by launching a… Read More

CommonBond Receives A1 Moody’s Rating on $168 Million Securitization

CommonBond’s 3rd Securitization CommonBond has closed securitization of $168 million in refinanced student loans. The online lending platform reported a rating of ‘A1’ from Moody’s and ‘AA (low)’ from DBRS. The securitization was backed by $178 million in collateral. Goldman Sachs served as joint-lead managers and bookrunners… Read More

CommonBond Bucks the Tide, Raises Over $300 Million, Acquires Gradible Student Loan Company

Online lender CommonBond has raised over $300 million in capital for loan purchases. On top of that figure, CommonBond raised $30 million in equity finance. CommonBond is a lending platform that is targeting the student loan refinance sector. Concurrently, CommonBond announced the acquisition of Gradible… Read More

Brief: CommonBond Completes $150M Securitization of Student Loans Assets

On Monday, marketplace lender CommonBond announced that it has completed its $150 million of student loans assets, which was co-led by Barclays and Goldman Sachs. Morgan Edwards, CFO of CommonBond, stated: “The strong reception in the capital markets to our second securitization is a further testament to the… Read More

CommonBond Debuts “MBA Accelerator” Internship Program

Last week, marketplace lender CommonBond announced the introduction of the “MBA Accelerator” program, a unique summer internship experience that will select a team of the country’s top MBA students to build a startup from the ground up inside of CommonBond. Over the course of 10… Read More

CommonBond Surpasses $625M in Total Funding; Appoints Beth Starr As Vice President & Head of Capital Markets

On Tuesday, marketplace lender CommonBond announced that it closed over $275 million in separate warehouse line funding from Barclays, Macquarie Capital, and others. The new capital provides additional lending capacity for CommonBond to support the company’s rapidly-growing student lending business. The new funding takes CommonBond… Read More

Fintech Moved Mainstream: Reflections on 2015

As 2015 comes to a close, here are some highlights from WWF, the wonderful world of fintech. And what a year it’s been!  At the close of last year, the world watched Lending Club’s astounding IPO. By this November, the firm surpassed $13B from borrowers since its 2006 launch. During… Read More

CommonBond Set to Provide Each Employee up to $100 Per Month For Student Loan Repayment

CommonBond, a marketplace lending platform that lowers the cost of student loans for borrowers and provides financial returns to investors, announced on Tuesday it is set to provide each company employee up to $100 every month, or $1,200 each year, to help pay down their loans…. Read More

CommonBond Jumps: Now Over 2000 Universities Have Access to its Student Loan ReFi Program

CommonBond, a direct lending platform that targets the student loan refinancing space, has boosted its program from just 200 universities to over 2000 universities across the United States. This is a significant expansion of its  platform.  CommonBond just recently raised a solid $35 million Series… Read More

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