Tagged: david klein

May 6, 2020 @ 4:43 pm By JD Alois  |  

CommonBond, an online lender in the student loan refi sector, has distributed an email claiming the year, so far, has met expectations. Of course, the note was distributed during an unparalleled time of stress for most businesses – including online lenders. According to CommonBond and… Read More

February 14, 2019 @ 9:34 am By JD Alois  |  

Fintech CommonBond has announced that it has arranged $750 million in lending capacity from Goldman Sachs, Citibank, Barclays, BMO, and ING. CommonBond is an online lender with a mission to give students and graduates more affordable, transparent, and simple ways to pay for higher education. To… Read More

December 4, 2018 @ 3:17 pm By JD Alois  |  

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

November 15, 2018 @ 11:44 am By JD Alois  |  

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

March 21, 2018 @ 7:38 am By JD Alois  |  

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

October 27, 2017 @ 8:17 am By JD Alois  |  

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

July 13, 2017 @ 11:11 am By Samantha Hurst  |  

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

June 12, 2017 @ 2:13 pm By JD Alois  |  

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

April 25, 2017 @ 11:22 am By JD Alois  |  

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

February 6, 2017 @ 10:53 am By JD Alois  |  

Last December, the Office of the Comptroller of the Currency (OCC) – part of the Department of Treasury-  proposed a “National Bank Charter for Fintech Companies”. The exploration stirred up a hornet’s nest of public officials that were not too pleased the OCC would think… Read More

July 19, 2016 @ 8:36 am By JD Alois  |  

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

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 7, 2016 @ 3:38 pm By Samantha Hurst  |  

This week, Jelly Belly inventor and original “Candy Man” David Klein took to crowdfunding giant Kickstarter to raise a mere $10,000 so he can make his “comeback” with a new type of candy. Klein stated: “Many years ago I developed, created, manufactured, sold and distributed… 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 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

October 22, 2015 @ 11:15 am By Erin Hobey  |  

Since summer Goldman Sachs Group has created significant buzz when the bank announced its plan to launch an online marketplace lender unit as early as next year.  Hiring engineers, data scientists, operations staff and customer service professionals is the logical next step for Goldman, as it builds… 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 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