See other companies on Welcome to the Jungle
CommonBond
Student loan provider
- 1-20 employees
- B2C
- Education
- Personal finance
- Lending
- SoHo, New York, NY
Jump to section
Company mission
To make student loads easier and cheaper.
Our take
In the United States, student debt is larger than credit card debt, with students and graduates owing more than $1.5 trillion. CommonBond is an online finance company that aims to help ease the burden of student debt by connecting borrowers with the right investors and, since launching in 2012, the company has funded more than $4B in student loans
The fintech market is packed with competition – including larger online lenders such as UpStart and SoFi – although CommonBond helps set itself apart with its one-for-one social mission; for every loan it funds it also funds the education of a child in need.
In recent years, the company has expanded into residential solar financing by offering affordable financing options fo the installation of solar panels, enabling customers to save money on bills whilst reducing their carbon footprint. This expansion across industries nods to a promising and diverse future for the company
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Comprehensive healthcare
- Unlimited vacation
- Student loan reimbursement
- Paid parental leave
- Volunteer time off
- Equity ownership
Funding (last 2 of 6 rounds)
Mar 2018
$50m
SERIES D
Jul 2016
$30m
SERIES C
Total funding: $132.7m
This company has top investors
Leadership
David Klein
(CEO)Prior to CommonBond, they worked in consumer finance at American Express, as Director of Strategic Planning and Business Development. They started their professional career as a consultant at McKinsey & Company.