trending Market Intelligence /marketintelligence/en/news-insights/trending/Z8qwk5dHfsMjBAI3HiDXbA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Online lender CommonBond acquires personal finance platform

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Online lender CommonBond acquires personal finance platform

Online lender CommonBondhas acquired personal finance platform Gradible to build out a new employer platformfor student loan repayment.

Terms of the deal were not disclosed.

CommonBond has raised more than $300 million in the form of equitycapital to fund operations and lending capital to fund loans.

Neuberger Berman Private Equity led a $30 million series C equityround, joining current investors August Capital, Tribeca Venture Partners, SocialCapital, Nyca Partners and Victory Park Capital. Individual investors include formerCitigroup Inc. CEO , former CEO Tom Glocerand former Barclays Private Wealth CEO Tom Kalaris.

CommonBond will use the new equity funding to hire workers andfor its technology platforms and loan operations.

CommonBond announced $300 million in loan purchases by a globalasset management firm. With the new funding, CommonBond will have more than $1 billionin financing across equity and debt.