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About Blend
Industries
Fintech
Financial Services
Company Size
501-1,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2012
Overview
Blend simplifies the lending process for financial institutions with its digital platform, allowing banks and credit unions to process over $3 billion in loans daily. The platform includes tools for automated verifications, instant pre-approvals, and electronic closings, which enhance efficiency and reduce costs. Unlike competitors, Blend offers a flexible Consumer Banking Suite that can be configured for both online and in-branch use, enabling personalized customer experiences. The company's goal is to improve loan processing effectiveness, leading to better customer acquisition and retention.
Simplify's Take
What believers are saying
- Partnership with Alloy enhances fraud prevention, attracting security-conscious clients.
- Rapid Home Lending solutions position Blend to capture dynamic housing market opportunities.
- Integration into Virginia Credit Union shows product adaptability in diverse environments.
What critics are saying
- Stock target cut to $3.50 may affect investor confidence and sentiment.
- FinTech IPO Index drop suggests potential volatility in the fintech sector.
- Fraud prevention partnership highlights ongoing digital banking fraud concerns.
What makes Blend unique
- Blend's platform processes over $4 billion in loans daily, showcasing its scalability.
- The Consumer Banking Suite offers configurable products for both online and branch use.
- Blend's automated workflows replace traditional document-based processes, enhancing efficiency.
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Funding
Total Funding
$1175M
Above
Industry Average
Funded Over
8 Rounds
Tiger Global
Coatue Management
Greylock Partners
Lightspeed Venture Partners
Founders FundBenefits
Meaningful equity and a 401(k) plan
Comprehensive health benefits
Wellness benefits covering a variety of wellness activities, gym memberships, fitness classes and more
16 weeks of paid parental leave
Generous vacation policy
Work from home office set up stipend and internet stipend during COVID-19
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 0%2 year growth
↑ 0%Virginia Credit Union, partnered with Blend to integrate its consumer banking suite of products for digital applications for accounts, credit cards and loans.
Digital banking solutions company Blend Labs Inc. on Tuesday announced an expanded partnership with Alloy, an identity and fraud prevention platform provider.
Prove banking solutions head Rich Rezek said: "Through its partnership with Blend, Retail Banker International has modernised the financial application process - making onboarding and verification streamlined and frictionless for consumers, banks, and lenders while reducing fraud.
Leader Bank, a Massachusetts-based community bank with more than $4 billion in assets, announced an expanded partnership with Blend, a leading provider of digital banking solutions.
March’s dawn brings with it the last vestiges of earnings season — and for the FinTech IPO Index, key headlines were focused on quarterly reports and a few announcements of partnerships. So: It wasn’t all about tariffs this past week. Earnings Continue to Roll In
Blend is Hiring for 17 Jobs on Simplify!
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About Blend
Industries
Fintech
Financial Services
Company Size
501-1,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2012
Blend is Hiring for 17 Jobs on Simplify!
Find jobs on Simplify and start your career today