Company attributes
Industry
Location
B2X
AngelList URL
Pitchbook URL
Number of Employees (Ranges)
1,001 – 5,0000
Email Address
careers@blend.com
Phone Number
+16505504810
Number of Employees
938
Investors
Founded Date
2012
Total Funding Amount (USD)
4,205,000,000
Latest Funding Round Date
July 16, 2021
Competitors
Stock Symbol
BLND0
Exchange
Latest Funding Type
Patents Assigned (Count)
2
Wellfound ID
Other attributes
Blog
Company Operating Status
Active
Funding Round Investor
Latest Funding Round Amount (USD)
360,000,000
Public/Private
Private
Founded in 2012 by three Palantir alums, Blend sells white-label mortgage technology to banks and other lenders. By bringing the application process to the cloud and directly connecting to information sources Blend cuts down the time and the expense of originating a mortgage.
Customers include Wells Fargo and U.S. Bank. Overall, the roughly 75 lenders using Blend represent more than 25% of the total U.S. mortgage market and around $60 billion in mortgage applications flowed through their software last year. According to the Urban Institute, $1.8 trillion worth of mortgage were originated in the U.S. in 2017.
Customers using Blend platform
- Lendus
- Blue Hills Bank
- Mountain America Credit Union
- Camden National Bank
- SWBC Mortgage
- Alcova Mortgage
- Legacy Mutual Mortgage
Funding
By April 2018, Blend had raised $160 million in venture capital funding giving it a half-billion dollar valuation.
Timeline
No Timeline data yet.
Funding Rounds
Products
Acquisitions
SBIR/STTR Awards
Patents
Further Resources
No Further Resources data yet.
