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New York based online student lender has raised $50m led by Fifth Third Bank, with participation from First Republic Bank and Columbia Seligman Investments. The company has secured more than $3b in lending capacity and currently has 25k borrowers
CommonBond is also known for its hands-on approach, helping borrowers find jobs as well as inviting them to networking opportunities, panels and dinners in cities across the country. The company has also donated close to $1 million to nonprofit partner Pencils of Promise to fund the education of children in need.
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