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Ny , /PRNewswire/ — CommonBond, the leading monetary tech team one to allows youngsters and you will students so you can buy degree, now announced a good $50M Collection D financial support round.
Fifth Third Funding Holdings, LLC , an entirely-owned part of 5th Third Bancorp (NASDAQ: FITB) https://loanecity.com/personal-loans-la/, contributed the newest round, which have Basic Republic Financial (NYSE: FRC) and you can Columbia Seligman Investment along with performing, also existing traders along with Neuberger Berman , August Resource , and you can Nyca People . Private traders into the CommonBond tend to be
, former Chief executive officer from Thomson Reuters . It most recent bullet brings CommonBond’s total capital elevated to over $130M monBond uses the latest resource so you can speeds their gains and you can invest then into the tech.
“This round off guarantee vitality the expansion once the a leader inside the fintech, helping different options for people to evolve the brand new economic wellness of the members,” told you
, CommonBond President and you may co-inventor. “We’ve got attempt to make a good company for the enough time identity from the concentrating on the basics – exceptional customers experience, best-in-class technology, and you can a culture out of respect and punishment.