NextGenVest acquired by CommonBond
NextGenVest, the New York-based financial advice platform powered by AI for Generation Z to understand their educational finances, has been acquired by New York-based CommonBond, one of the leading tech-enabled student loan platforms. Terms of the acquisition were not disclosed. “Paying for college can be complex and stressful, and that stress follows most people well past graduation – but it doesn’t have to,” remarked David Klein, CEO and cofounder of CommonBond. “NextGenVest allows us to continue delivering the transparency, affordability, and simplicity we’re known for, to the next generation of financial consumers, on the back of differentiated AI technology. With this acquisition, CommonBond bolsters its position as the only company in the country to offer a true end-to-end relationship with young financial consumers, from high school and college to graduation and employment.”
Investors in the acquired company: Undisclosed
Total funding raised: $3.9M
Full coverage: CommonBond Acquires NextGenVest
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