Blend Closes $300M in Funding, Valued at $3.3 Billion


Blend, a San Francisco, CA-based provider of digital lending solutions, closed a $300m Series G funding round.

The round, which brought the valuation to $3.3 Billion, was led by Coatue and Tiger Global.

The company intends to use the funds to accelerate its next phase of growth and support investment in the products and services.

Led by Nima Ghamsari, founder and CEO, Blend helps lenders streamline the customer journey for any banking product from application to close.

Key elements include a unified configurable platform for mortgages, consumer loans, and deposit accounts as well as an end-to-end digital mortgage solution where consumers can complete the full home finance process, including insurance and closing, in a single place.

The Digital Lending Platform is used by Wells Fargo, U.S. Bank, and over 285 other financial institutions to acquire more customers, increase productivity, and deepen customer relationships. The company enables customers to process more than $4 billion in mortgages and consumer loans per day.