June 24, 2019
Blend, a digital lending platform, said it raised $130 million in Series E funding, led by Temasek and General Atlantic.
Existing investors 8VC, Founders Fund, Greylock Partners and Lightspeed Adventures also participated in the funding round. The company has now raised $310 million in funding.
Blend said it plans to continue adding to its team of 400 employees, will invest in new technologies, grow its list of partners and expand into a wider array of lending products, according to a company release.
"Blend's technology platform is driving an evolution in how lenders do business and interact with their clients," Paul Stamas, managing director of General Atlantic, said in the release. "Blend's approach of partnering with financial institutions to reimagine consumer finance has proven highly successful thus far, and we're thrilled to assist them in their next phase of growth."
The company also named former Pixar CFO Ann Mather to Blend as an independent member of the board of directors. She currently serves on the boards of Alphabet Inc., Airbnb and Netflix.
Topics: Mobile Banking, Mobile Payments, Technology Providers
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