CommonBond forges $50m series D

Mar 23, 2018 • Robert Lavine

Fifth Third Bancorp led the Nelnet-backed student loans service provider's series D round, taking its total funding to more than $130m.

Financial services firm Fifth Third Bancorp led a $50m series D round for CommonBond, a US-based student loan consolidator backed by student loans provider Nelnet, on Wednesday.

Fifth Third Bancorp participated through its Fifth Third Capital Holdings unit, investing alongside financial services provider First Republic Bank, Columbia Seligman Investments, Neuberger Berman, August Capital and Nyca Partners.

CommonBond provides a range of student loans services including the provision of new loans, loan refinancing and student loan-related benefits for corporate employees. It…

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