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
- Blue Hills Bank
- Mountain America Credit Union
- Camden National Bank
- SWBC Mortgage
- Alcova Mortgage
- Legacy Mutual Mortgage
By April 2018, Blend had raised $160 million in venture capital funding giving it a half-billion dollar valuation.
Blend raises a $130,000,000 series E round from Greylock Partners, Founders Fund and Lightspeed Venture Partners.
Blend raises a $100,000,000 series D round from Greylock Partners, Lightspeed Venture Partners, 8VC, Nyca Partners and Emergence Capital Partners.
Anthony (Tones) Porter
Ayman Shafin Karim
Documentaries, videos and podcasts
- Financial technologyFinancial technology, also commonly referred to as FinTech, is a suite of technological innovations replacing and competing with the delivery of traditional financial services and products.
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