AlleyWatch, the largest organization focused on NYC Tech, celebrates the work of the individuals that serve as a catalyst for innovation within the NYC Tech ecosystem.
MEET THE 2019 NYC TECH INFLUENCERS
David Klein is the CEO and Cofounder of CommonBond the platform focused on changing the education finance industry, inspired by Klein's personal experience financing his MBA at Wharton. Without the traditional overhead of conventional lenders, CommonBond is able to offer attractive loans to student loan borrowers in a transparent and straightforward manner through its best-in-class technology platform that not only provides loans but also informs borrowers on their options.
Under Klein's direction, Common Bond has raised over $130M in equity funding and in February of 2019 closed another $750M in lending capacity from Goldman Sachs, Citi, Barclays, ING, and BMO. CommonBond's senior bond offerings maintain a AAA credit rating, providing investors a sense of stability. Since its national launch in 2013, CommonBond has originated over $2.5B in loans and did over $1B in 2018 alone. CommonBond was named one of Fast Company's 50 Most Innovative Companies, as well as one of TIME's 50 Genius Companies. Also, in 2018, CommonBond acquired NYC startup NextGenVest to increase its focus on servicing the needs of millennials
A graduate of Brandeis, Klein started his career as an analyst at McKinsey and spent a number of years in consumer finance at American Express. Klein and CommonBond are tackling the $1.5T student loan crisis head-on with a blend of honesty and technology.