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CommonBond is a financial technology company on a mission to give students and graduates more affordable, transparent, and simple ways to pay for higher education. Were people just like you who were frustrated by the high rates, confusing process, and poor service that came with our student loans. We knew there had to be a better way. So we created one.Over 40 million Americans are affected by student loan debt and were helping them meet that challenge head on. We're tackling the student debt crisis by offering new loans to current students, refinance loans to college graduates, and a suite of student loan repayment benefits to employees through our CommonBond for Business program. By designing a better experience that combines advanced technology with competitive rates and award-winning customer service, we've funded over $3 billion in loans for tens of thousands of members, and helped over 300 companies give their employees the tools they need to achieve financial wellness.Finally, we're proud to be the first and only finance company with a "one-for-one" social mission: for every loan we fund, we also fund the education of a child in need, through our partnership with Pencils of Promise.Want more good news? Were hiring! So join our team, and join the movement, as we continue to build a better future for student debt in America.
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.
PRODUCTS & SERVICES
Online platform for refinancing student loans. Helps students to bypass conditions like inocme,assets to get loans at a very cheap rate.
CommonBond charge an origination (2%) and servicing fee on every loan.
Nelnet - To offer services to wider range of customers and helps investors to buy loans.
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.
VALUATION / MARKET CAP:
$375 M in 2016
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
DATE OF LAST FUNDING
SEED & PRIOR FUNDING
SEED CLOSED ON
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
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