CommonBond Secures $50 Million Series D Round

CommonBond, a financial technology company that helps students and graduates pay for higher education, today announced a $50 million Series D financing round. Fifth Third Capital Holdings, LLC, a wholly-owned subsidiary of Fifth Third Bancorp (NASDAQ: FITB), led the round, with First Republic Bank (NYSE: FRC) and Columbia Seligman Investments also participating. Additional participants include existing investors Neuberger Berman, August Capital, and Nyca Partners, as well as individual investors Vikram Pandit, former CEO of Citigroup, and Tom Glocer, former CEO of Thomson Reuters.

According to the company, CommonBond is the only company in the United States that offers a complete suite of student loan solutions, including refinancing loans for graduates, new loans for current students, and student loan benefits for employees through its CommonBond for Business™ platform. To date, the company has provided more than $1.5 billion in loans and signed more than 200 partners for its business platform.