Despite reducing VC investment during the technical companies, the online lending business recently https://1hloan.com/payday-loans-co/ secured various other $three hundred million from inside the capital.

Even with slowing VC expenditures when you look at the technical businesses, CommonBond, an online financing business that gives so you can re-finance student loans (within a diminished interest), announced Friday it has got shielded various other $300 billion, also $29 million into the security.

The latest business, and that launched in Nyc simply couple of years before, claims to save your self consumers typically $14,one hundred thousand, having an annual percentage rate carrying out at only lower than two per cent.

“It’s really no doubt you to definitely 2016 could have been an incredibly other seasons having individual money than simply 2013, 2014, and 2015 had been,” states David Klein, co-founder and you may Ceo of CommonBond. “I think [that it funding] try a genuine testament with the group as well as their power to deliver strong company metrics that has organized me to improve collateral financial support.”