Big Banks Providing Funding for CommonBond

CommonBond is receiving $750 million in lending capacity from Barclays, BMO, Citibank, Goldman Sachs and ING; CEO David Klein commented that the funds will allow them to continue to offer competitive interest rates on its services; CommonBond surpassed over $1 billion in lending last year and since launching in 2011 has lent $2.5 billion; the company recently laid off 18% of their workforce or 22 employees last month. Source

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