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The marketplace lender CommonBond announced that it has raised $35 million, which it plans to use to expand its operations across the country.
September 8 -
A growing number of fintech startups are appealing to the sensibilities of millennials by meeting social missions and, in some cases, by tying the amount of business they generate to the amount they give back to charity or to their customers.
August 26 -
Student lending startup CommonBond has hired Morgan Edwards, a longtime Wall Street leveraged debt specialist, as its chief financial officer.
July 29
CommonBond has expanded its student loan refinancing program to more than 2,000 universities at the graduate and undergraduate levels.
The expansion, from 200 schools previously, follows a recent announcement that the marketplace lending platform had
The New York company also debuted a refinancing program Tuesday that refinances federal Parent PLUS loans that parents take out to fund their children's undergraduate education.
"While student loan debt weighs heavily on millennials, we also saw a big need in the market to provide a new option for parents who carry student debt on behalf of their children," David Klein, co-founder and chief executive of CommonBond, said in a news release Tuesday.
The company said that it is on track to originate more than $500 million in loans by the end of 2015 and to exceed $1 billion in loans funded in 2016.
