Tagged: commonbond

January 19, 2016 @ 9:46 am By Samantha Hurst  |  

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

January 5, 2016 @ 8:30 am By Samantha Hurst  |  

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

December 31, 2015 @ 3:07 am By Erin Hobey  |  

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

December 10, 2015 @ 12:05 pm By Samantha Hurst  |  

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

September 22, 2015 @ 10:53 am By Samantha Hurst  |  

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

September 8, 2015 @ 10:44 am By Samantha Hurst  |  

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

August 11, 2015 @ 12:41 pm By Samantha Hurst  |  

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

July 29, 2015 @ 9:00 am By JD Alois  |  

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

July 10, 2015 @ 1:18 pm By JD Alois  |  

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

July 9, 2015 @ 9:00 am By JD Alois  |  

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

July 2, 2015 @ 12:39 pm By David Klein  |  

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

June 25, 2015 @ 8:30 am By JD Alois  |  

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

June 11, 2015 @ 8:37 am By JD Alois  |  

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

April 13, 2015 @ 9:00 am By JD Alois  |  

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

February 5, 2015 @ 7:21 pm By JD Alois  |  

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

February 21, 2013 @ 7:48 pm By Juliana Reyes  |  

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

December 1, 2012 @ 9:42 am By JD Alois  |  

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