CommonBond Stock
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About CommonBond Stock
CommonBond is a financial technology company that is focused on higher education. It offers to refinance loans to college graduates, new loans to current students, and a suite of student loan repayment benefits to employees through its CommonBond for Business program. Over 40 million Americans are affected by student loan debt – and CommonBond is helping them meet the challenge head-on with bigger savings, better service, and a fast and easy online application. They're on a mission to give students and graduates more affordable, transparent, and simple ways to pay for higher education. CommonBond's team built a better student loan experience that combines advanced technology with competitive rates, award-winning customer service, and best-in-class borrower protections. CommonBond has funded over $2.5 billion in loans, partnered with over 300 corporate clients, and currently serves over 100,000 members. CommonBond is also the first and only finance company with a "one-for-one" social mission: for every loan it funds, CommonBond also funds the education of a child in need, through its partnership with Pencils of Promise. It was founded in 2011 and is headquartered in New York.
Investors
Social Capital
Relativity Space, Slack, Netskope, Box, BetterUp, Greenlight, Guild Education, Flutterwave, Palmetto Clean Technology, Groq
First Republic Bank
Tribeca Venture Partners
AppNexus, HoneyBook, ACV, BetterCloud, CommonBond, ShopKeep, Suzy, Domio, AlphaSense
Macquarie Capital
Via, Renovate America, CommonBond, Bitfury Group, Cohere Technologies
Alumni Ventures Group
Lacework, Getaround, GrubMarket, Better.com, Groq, Pico, Divergent 3D, SonderMind, Emulate, Plastiq
Funding History
April 2012 | $0 |
---|---|
September 2013 | $7.4M |
September 2015 | $36.5M |
July 2016 | $50.0M |
March 2018 | $50.0M |
March 2018 | $15.0M |
March 2018 | $10.0M |
Management
Chief Executive Officer
David Klein
Chief Financial Officer
Morgan Edwards
Press
businessinsider - Sep, 16 2022
Student loan startup CommonBond is quietly winding down operations after the pandemic's interest and payment pause massively hit its core businessow - Feb, 4 2022
CommonBond Expands Into Residential Solar Financingbusinessinsider - Dec, 28 2021
CommonBond student loans review: Lender with a variety of repayment term lengths, but high variable ratesdlvr - Jun, 2 2021
CommonBond Appoints Square’s Sonali Sambhus to Board of Directors