Tagged: commonbond

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

CommonBond Raises $35 Million in Series B Funding Led By August Capital

CommonBond, a marketplace lending platform that lowers the cost of student loans for borrowers and provides financial returns to investors, today announced it has raised $35 million in Series B funding from August Capital and Nyca Partners, with existing investors participating. August Capital led the… Read More

CommonBond Names Founder & CEO of Sanlaap North America Sindhura Sarikonda Winner of Second Annual Social Impact Award

CommonBond, a marketplace lending platform that lowers the cost of student loans for borrowers and provides financial returns to investors, today announced founder and CEO of Sanlaap North America, Sindhura Sarikonda, as the winner of the 2015 CommonBond Social Impact Award, which honors the nation’s top MBA… Read More

Next Finance Industry Veteran Makes Move to New Finance as CommonBond Announces Morgan Edwards as CFO

Direct lending platform CommonBond has selected Morgan Edwards as its new Chief Financial Officer.  Edwards has spend the last 7 years as an MD at Macquarie Capital.  According to a company report, Edwards has tallied over 25 years in traditional finance.  At Macquarie he played… Read More

Finance: State of Disruption – New York City

The Financial Services industry is being disrupted across the value chain. This panel of speakers will discuss why the time is ripe now for disruption, how technology is enabling change, where the industry is heading & more. Enjoy food & drinks while you mingle & network… Read More

CommonBond & Prodigy Finance form Partnership on Post Grad Loans for International Students

The US is a magnet for foreign students looking for a superior education and a boost to their career.  Yet these same international students frequently need to borrow to pay for school just like the legions of domestic students. CommonBond, a direct lending platform that… Read More

To Win Long Term, Goldman’s Online Lending Effort Will Need to Win Over Millennials

By now, you’ve more than likely heard about Goldman Sachs’ plans to launch an online consumer lending unit as early as next year. Yes, Goldman Sachs, the 146-year-old Wall Street giant best known for focusing on the 1%, is making a bet on Main Street with plans… Read More

CommonBond Closes First Securitization. $100 Million Issue Gets Investment Grade Rating

Direct lender CommonBond has completed its first securitization backed by graduate student loans.  The $100 million securitization received investment grade ratings from both Moody’s and DBRS of Baa2 and A (high) respectively.  Morgan Stanley served as lead underwriter and sole manager for the transaction. White… Read More

CommonBond Issues $100 Million in Securities for Student Loans

Receives “Investment Grade” Rating from Moody’s & DBRS It was not that long ago that ratings agencies looked askance at marketplace lending platforms.  Yesterday CommonBond, a marketplace lending platform that targets the student loan refinancing space, received a solid review from both Moody’s and DBRS.  Moody’s delivered… Read More

Citigroup Exec Joins Fast Growing Lender CommonBond

Former Citigroup executive Vinayak Gurjar has joined marketplace lender CommonBond as Chief Risk Officer.  Gurjar joins a growing number of traditional banking managers switching over to new, fast growing financial firms.  While the banking industry has suffered years of slow growth, crushing regulations and a… Read More

Nelnet Has Agreed to Finance $150 Million of CommonBond’s Loans

CommonBond Expands Service to Over 700 Programs Nationwide. Student loan lender CommonBond has announced a significant commitment from Nelnet(NYSE: NNI), one of the “most venerable names in student loans” to fund $150 million in loans.  Nelnet has also made an equity investment in CommonBond thus… Read More

CommonBond: student crowdfunding platform has awarded $2.5M in Wharton MBA loans

CommonBond isn’t headquartered in Philadelphia, but much of the MBA crowdfunding platform’s impact has been right here in our city. Based in Brooklyn and cofounded by Wharton MBA alums Michael Taormina and David Klein, CommonBond connects alumni investors with students who need MBA loans. Students pay a lower, fixed… Read More

CommonBond, a student loan crowdfunding platform Raises Funds

With $2.5M Loan Pool and $1M Equity Round, Company Announces Official Beta-Launch at Wharton and Sets Sights on National Expansion in 2013 New York, NY (November 28, 2012) – CommonBond, a student loan crowdfunding platform with a unique vision and plan to fix the broken… Read More

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