Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


CIBC Innovation Banking provides financing to CollegeNET, Inc.


CHICAGO, April 30, 2021 /PRNewswire/ – CIBC Innovation Banking today announced it has extended a $12.5 million credit facility to CollegeNET, Inc., a software provider  to colleges and universities. The credit facility will be used to further scale CollegeNET's business.

CollegeNET, Inc. designs and builds on-demand SaaS (Software-as-a-Service) technologies used by colleges and universities for event and academic scheduling, recruitment and admissions management, AI/supercomputer video interviewing services, and electronic academic records delivery.

“Based on our new, patented StandOut technology, we can now scale video interviewing through AI/Supercomputing to thousands of candidates while delivering the real candidate to employers and universities,” said James Wolfston, CollegeNET's Chief Executive Officer and Founder. “CIBC's financing will help us accelerate our growth ambitions.”

CIBC's Innovation Team specializes in providing banking services including financing to start-up and early stage companies.

“We are pleased to have been chosen by CollegeNet for their financing needs,” said Jeremy Epstein, Managing Director and Market Lead, CIBC US Innovation Banking. “Our team recognizes the evolution in the college application and interview process and we are excited to provide this financing to support CollegeNET's further growth.

About CIBC

CIBC (NYSE: CM) (TSX: CM) is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the U.S., CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth offers investment management, wealth strategies and legacy planning. Visit us at

CIBC Innovation Banking delivers strategic advice, cash management and funding to North American innovation companies at each stage of their business cycle, from start up to IPO and beyond. With offices in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that extends across CIBC's commercial banking and capital markets businesses in the U.S. and Canada.

Cision View original content:


Editorial & Advertiser disclosure

Call for Entries

Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Newsletters with Secrets & Analysis. Subscribe Now


Global Banking & Finance Review® is a leading financial portal and Print Magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management. Copyright © 2010-2021 GBAF Publications Ltd - All Rights Reserved.