• FOUNDING YEAR: 2011
    LOCATION:
    United States
    REGION:
    New York
    Last Update:
    18 Oct, 2019

Description

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:
Viewable by subscribers only
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.

PEOPLE

FOUNDERS:
Jessup Shean, David Klein, Michael Taormina
Board Members and Advisors:
Brian Hirsch, Ted Maidenberg, Tripp Jones
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Victory Park Capital, August Capital, Social Capital, Tom Glocer, Vikram Pandit, Tom Kalaris, Nyca Partners, Tribeca Venture Partners, Nelnet, Charles Stonehill, Nelnet, Tom Kalaris, Thomas Gloce, Vikram Pandit, Tom Glocer, Tribeca Venture Partners, Barclays Investment Bank, MacQuarie Capital Funds

TRACTION

VALUATION / MARKET CAP:
$375 MM in 2016
TRANSACTIONS VALUE:
$100 MM
ACTIVE USERS:
0.0010

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$78.65 Millions
DATE OF LAST FUNDING:
Jul 2016
SEED & PRIOR FUNDING:
$3.5 Millions
SEED CLOSED ON:
Nov 2012
FUNDING SERIES:
SERIES A
$8.65 Millions Closed: Sep 2013
SERIES B
$36.5 Millions Closed: Sep 2015
SERIES C
$30 Millions Closed: Jul 2016
COMMENTS
SERIES A : $150 M - Debt financing SERIES B : $575 M-Debt financing
LISTED:
NO

LATEST RESEARCH