CommonBond, a New York firm that makes student loans through an online platform, said Tuesday that it has raised more than $275 million in debt funding from Barclays and others.

The warehouse financing from London-based Barclays marks the latest effort by a megabank to cash in on the online lending boom. JPMorgan Chase, Credit Suisse,Citigroup, DeutscheBank, Morgan Stanley and Capital One Financial are also helping to fuel the sector’s rapid growth through debt financing.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.