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  6. CommonBond Acquires NextGenVest

M&A Deal Summary

CommonBond Acquires NextGenVest

On December 4, 2018, CommonBond acquired internet software and services company NextGenVest

Acquisition Highlights
  • This is CommonBond’s 2nd transaction in the Internet Software and Services sector.
  • This is CommonBond’s 2nd transaction in the United States.
  • This is CommonBond’s 2nd transaction in New York.

M&A Deal Summary
Date 2018-12-04
Target NextGenVest
Sector Internet Software and Services
Buyer(s) CommonBond
Deal Type Add-on Acquisition

Target

NextGenVest

New York, New York, United States
NextGenVest is a "Money Mentor" for Generation Z. Leveraging Artificial Intelligence, the company provides hyper-personalized financial coaching primarily through text message to students starting in high school and beyond. Students can receive on-demand help for college selection, financial aid, student loan selection, student loan repayment, and more. NextGenVest is based in New York.

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Buyer(S) 1

Buyer

CommonBond

New York, New York, United States
Category Company
Founded 2011
Sector Internet Software and Services
DESCRIPTION

CommonBond, Inc. is an online lender that uses data and technology to lower the cost of student loans. CommonBond funds and refinances student loans, saving its members over $14,500, on average, when they refinance.

DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-19 Gradible

New York, New York, United States

Gradible is a personal finance platform for students to manage and repay their loans. Gradible provides loan evaluation resources to make sure members have a repayment plan that suits their financial situation, avoiding burdensome monthly payments and excessive interest rates.

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