This morning, CommonBond announced its first securitization totaling $100M. The securitization comes with an expected investment-grade rating from Moody’s of...
The platform announced their latest securitization which is a $233.75 million deal; provisional ratings of AAA were given by both Moody’s and DBRS; this is CommonBond’s sixth transaction and they have now securitized a total of $1.22 billion in loans. Source
CommonBond focuses on helping those with student loans better manage their debt. Earlier this week they released an interesting study...
CommonBond has created a March Debtness bracket to look at the payoff rates of this year's March Madness basketball teams; the bracket identifies the time it takes for students to pay off their student loans; UCLA is CommonBond's current March Madness winner with the fastest payoff rate at 4.42 years. Source
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This is a guest post from David Klein, CEO & Co-Founder of CommonBond. CommonBond is an exhibitor at LendIt USA...
CommonBond has laid off about 18 percent of their workforce as they restructure internally to prepare for what they believe...
Back in March CommonBond closed a $50 million Series D investment that was led by the venture capital arm of...
Last week TIME released their “TIME’s Genius List” for 2018, which includes 50 businesses inventing the future. This is the...
A new study by Commonbond shows that employers who offer student loan benefit programs are more likely to keep employees...
Morgan Edwards, chief financial officer at CommonBond gives an overview of the company and the student lending opportunity in this video from LendIt USA 2016. CommonBond provides student loan refinancing but one thing that makes them unique is their "1-for-1" model where they fund an education of a student in Africa for each student loan refinancing. As of April, the company had $625 million in capital committed with zero defaults and zero 30+ day delinquencies.
Morgan believes we are in a growth cycle and capital is here to stay although we may experience some ebb and flows through the cycle. He stated, "Capital flows where there is understanding and there is a return," and highlights several aspects that make this a favorable environment for student lending and marketplace lending broadly.
You can view the full video below: