U.S. digital lending solutions provider Blend announced on Wednesday it secured $75 million through its Series F funding round, which was led by fintech-focused venture capital firm Canapi Ventures with participation from Temasek, General Atlantic, 8VC, Greylock, and Emergence.
Founded in 2012, Blend states it is dedicated to improving consumer lending. It has partnered banks and lenders to power “frictionless, compliant, and more accessible” lending, starting with mortgages. Blend further explained it continues to build on its substantial momentum in 2020 with numerous new products, including its digital closing solution for mortgages and home equity loans, an elegant mobile app for loan officers, and new reporting tools for lenders. The company also announced its expansion into consumer banking and a new offering for auto loans in late 2019.
While speaking about the investment round, Marc Greenberg, Head of finance at Blend, stated:
“Our goal is to deliver software that gives lenders the flexibility to meet the evolving needs of consumers. We’re committed to being the digital layer that enables millions of people to gain access to the capital they need, while helping our customers be there as trusted advisors for every milestone in a consumer’s financial journey.”
The Series F funds will be used to continue the growth and development of the Blend platform.
