Blend secures 75 mln in Series F founding

Thursday 13 August 2020 09:33 CET | News

Blend, a digital lending solutions company, has secured USD 75 million in Series F funding led by Canapi Ventures

This capital brings Blend's valuation to nearly USD 1.7 billion and will be used to accelerate the development of its digital platform for mortgages, consumer loans, and deposit accounts. Existing investors Temasek, General Atlantic, 8VC, Greylock, and Emergence also participated in the round.

The company also announced its expansion into consumer banking and a new offering for auto loans in late 2019. 

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Keywords: Blend, digital, lending, Canapi Ventures, mortgages, loans, Temasek, General Atlantic, 8vc, Greylock, Emergence, banking
Categories: Payments & Commerce
Countries: United States
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Payments & Commerce

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