#LendTech / Blend raises $300 million Series G at $3.3 billion valuation

Blend has steadily grown to be a powerhouse in the mortgage tech industry, facilitating $1.4 trillion in mortgages and consumer loans in 2020. The company’s white-label technology is what powers mortgage applications on the site of banks such as Wells Fargo and U.S. Bank with the goal of making the process faster, simpler and more transparent.

This configurable platform, according to CEO Nima Ghamsari, gives financial institutions such as banks and credit unions a way to launch any consumer banking product “in days rather than months.” It offers product templates, “no-code” drag-and-drop workflows, integrated data services, and control over design elements.

Today, Blend’s platform enables over 270 lenders to digitally process and close mortgages and consumer loans, open deposit accounts, and secure homeowners insurance, among other things.