Blend Closes $300M in Funding, Nearly Doubling Valuation to $3.3B in Just Five Months
Summary
SAN FRANCISCO, Jan. 13, 2021 /PRNewswire/ -- , a leader in digital lending solutions, announced it closed $300 million in Series G funding led by Coatue and Tiger Global, nearly doubling its valuation to $3.3B in just five months. The capital will be used to fuel Blends next phase of growth and support investment in the products and services that matter most to financial institutions as the company aims to power the future of consumer banking. Stay at home orders and social distancing mandates accelerated digital adoption faster than anyone could have expected," said Coatue Managing Partner Kris Fredrickson. "Todays consumers expect Amazon-like experiences across the board, and Blend is well-positioned to help financial institutions achieve that," said John Curtius, a Partner at Tiger Global Management. "The companys momentum is a reflection of their rapid pace of innovation and deep commitment to helping their customers bring the simplicity and transparency consumers crave to the banking industry."
