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Blend (company)

Blend (company)

Blend invites companies that service the mortgage industry to sell digital tools--APIs--through its platform.

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

June 2019

Blend raises a $130,000,000 series E round from Greylock Partners, Founders Fund and Lightspeed Venture Partners.

August 2017

Blend raises a $100,000,000 series D round from Greylock Partners, Lightspeed Venture Partners, 8VC, Nyca Partners and Emergence Capital Partners.

People

Name
Role
LinkedIn

Adam Ting

Employee



Akhil Nadendla

Employee



Albert Wong

Employee



Alex Beregszaszi

Founder



Alex Fish

Employee



Alex Fishman

Investor



Alex Kolicich

Advisor



Alexander Yu

Employee



Alexandra Escobar

Employee



Allison Mammen

Employee



Amer Sultan

Employee



Andrea D'Eramo

Employee



Andrea Harris

Employee



Andrea Whiting

Employee



Anthony (Tones) Porter

Employee



Arjun Baokar

Employee



Austin Bellows

Employee



Ayman Shafin Karim

Employee



Bailey Miller

Employee



Bianca Giarratano

Employee



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