CommonBond, a US-based student loans company backed by education finance and services provider Nelnet, has obtained $35m in a series B round led by August Capital, Inc reported yesterday.
August Capital was joined by fellow venture capital firms Nyca Partners, Tribeca Venture Partners and Social+Capital Partnership, and angel investor Tom Glocer.
Founded in 2012, CommonBond funds and refinances US student loans of up to $220,000, offering lower interest rates. The company claims to save graduates more than $14,000 over the…
