Tagged: david klein

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

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

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 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

Proposed OCC National Fintech Charter Comments & Feedback

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

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

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

Jelly Belly’s Founder David Klein Seeks to Make a Comeback By Launching a Kickstarter For “New Coffee Candy Beans”

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

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

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

Goldman Sachs Seeks to Grow Online Consumer Lending Business, Hires New Team

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

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

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

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