CommonBond

lendingp2p lending

FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 01/05/2020

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About

CommonBond is based on a model of “social lending.” Student borrowers gain access to fixed rate loans provided by investors who earn a financial return. The platform makes it possible for students to save money on their student loans while allowing investors to earn a competitive financial return.

Focus

PRODUCTS & SERVICES

Online platform for refinancing student loans. Helps students to bypass conditions like inocme,assets to get loans at a very cheap rate.

REVENUE MODEL

CommonBond charge an origination (2%) and servicing fee on every loan.

MAIN CLIENTS

Students

EXISTING PARTNERSHIPS

Nelnet - To offer services to wider range of customers and helps investors to buy loans.

COMMENT

Makes student loan process faster and at low interest rate. It provides additional features like networking opportunities, panels and events, career support, and much more through “CommonBond Family” platform.

Traction

VALUATION / MARKET CAP:

$375 M in 2016

TRANSACTIONS VALUE:

$100 M

ACTIVE USERS:

0.0010

People

FOUNDERS

Jessup Shean

David Klein

Michael Taormina

BOARD MEMBERS AND ADVISORS

Brian Hirsch

Ted Maidenberg

Tripp Jones

NUMBER OF EMPLOYEES

51-200

INVESTORS:

August Capital

Barclays Investment Bank

Charles Stonehill

MacQuarie Capital Funds

Nelnet

Nyca Partners

Social Capital

Thomas Gloce

Tom Glocer

Tom Kalaris

Tribeca Venture Partners

Victory Park Capital

Vikram Pandit

Momentum

FUNDED

YES

TOTAL FUNDING

$128.61 M

DATE OF LAST FUNDING

Feb 2019

SEED & PRIOR FUNDING

$3.5 M

SEED CLOSED ON

Nov 2012

FUNDING SERIES

SERIES A  · $8.65 M  · Sep 2013

SERIES B  · $36.46 M  · Sep 2015

SERIES C  · $30 M  · Jul 2016

SERIES D  · $50 M  · Mar 2018

DEBT FUNDING

$1.05 B

LISTED

NO

BASICS

FOUNDING YEAR:

2011

LOCATION:

United States

Views:

490 VISITORS | 859 VIEWS
LATEST FUNDING ROUND

$129 M

TOTAL EMPLOYEES
51-200

About

CommonBond is based on a model of “social lending.” Student borrowers gain access to fixed rate loans provided by investors who earn a financial return. The platform makes it possible for students to save money on their student loans while allowing investors to earn a competitive financial return.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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Momentum+
Traction+
People+
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