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CommonBond Obtains $150 Million in Boom for Online Lenders

Money is pouring in at online-lending startups.

CommonBond Inc., a New York-based online student-loan company, said Thursday that Nelnet Inc. invested an undisclosed amount, while providing at least $150 million to finance more loans. CommonBond Chief Executive Officer David Klein said the deal builds on more than $100 million that it had previously garnered from investors including former Citigroup Inc. CEO Vikram Pandit, and Social + Capital, a Palo Alto, California-based venture capital fund.