Blend Labs Inc. BLND.US

Blend Labs, Inc. provides a software platform that simplifies bank loans and account openings. Financial services institutions such as banks use the company’s end-to-end service solutions to streamline and digitalise paper processes and meet customer satisfaction needs by decreasing loan costs. Blend Labs was founded in 2012 and is based in San Francisco, California. The company operates internationally, with a secondary office in New York.

Customers can access the mortgage or consumer banking suites on the Blend Labs digitised platform. The mortgage suite provides solutions for mortgages, finalising transactions, and home equity applications. The consumer banking suite covers software solutions for deposit accounts, credit cards, personal loans, vehicle loans, and home equity applications. Blend Labs’s partners include American Federal Mortgage, Republic Bank, and BMO Harris Bank.

The company went public on xxxx with a valuation of approximately $xxxbn. Blend Labs shares ranged between $xxx and $xxx per share. The company raised approximately $xxxm during its IPO. As of July 2021, the company has 291 customers, including companies such as Wells Fargo & Co. and Lennar Mortgage. Blend Labs processes approximately $5bn in transactions daily. The company trades on the NYSE under the BLND.US ticker.

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