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Access here alternative investment news about Student Lender Commonbond Raises $50m To Invest In Technology, Blockchain
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Student Lender Commonbond Raises $50m To Invest In Technology, Blockchain

by forbes.com posted 5months ago 33 views
Online student lender CommonBond raised $50 million, which will be used to invest in blockchain and other automation technology. : Online lender CommonBond , which refinances and finances undergraduate and graduate student loans, has raised $50 million, it announced Wednesday. The Series D financing round was led by Fifth Third Bank, with First Republic Bank and Columbia Seligman Investments also participating. This brings the lender’s total funding to more than $130 million. Its last funding round was held in the summer of 2016. The funding will go toward marketing, customer acquisition and technology, says CommonBond CEO and cofounder David Klein.