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Founded Year

2012

Stage

IPO | IPO

Total Raised

$684.61M

Date of IPO

7/15/2021

Market Cap

0.28B

Stock Price

1.16

About Blend

Blend (NYSE: BLND) operates as a cloud-based banking platform. It helps financial institutions to automate their lending process, improve their customer experience, and reduce their costs. It provides solutions for banks, financial technology companies, and credit unions. The company was founded in 2012 and is based in San Francisco, California.

Headquarters Location

415 Kearny Street

San Francisco, California, 94108,

United States

650-550-4810

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Blend's Product Videos

Blend's Products & Differentiators

    Mortgage Suite

    Technology that powers the end-to-end mortgage borrower journey, all the way from application to close, and later home equity

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Expert Collections containing Blend

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Blend is included in 8 Expert Collections, including Mortgage Tech.

M

Mortgage Tech

218 items

Companies here streamline and digitize the mortgage lending process. Collection includes direct lenders, mortgage brokers, process optimization technologies for lenders, as well as tools that support borrowers throughout the search and application phases.

R

Real Estate Tech

2,779 items

Startups in the space cover the residential and commercial real estate space. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and property management, insurance, mortgage, construction, and more.

D

Digital Banking

896 items

Companies and startups in this collection provide banking services to consumers and businesses, as well as enhance, automate, and/or digitize operations for banks and financial institutions.

F

Fintech 250

748 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

D

Digital Lending

2,272 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

T

Tech IPO Pipeline

568 items

Blend Patents

Blend has filed 2 patents.

The 3 most popular patent topics include:

  • Credit
  • Credit scoring
  • Cryptocurrencies
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/12/2019

10/27/2020

Enterprise application integration, Java platform, Diagrams, Web frameworks, Systems engineering

Grant

Application Date

7/12/2019

Grant Date

10/27/2020

Title

Related Topics

Enterprise application integration, Java platform, Diagrams, Web frameworks, Systems engineering

Status

Grant

Latest Blend News

Blend to Hold Its Investor Day on September 26, 2023

Sep 5, 2023

Blend to Hold Its Investor Day on September 26, 2023 5-day change Today at 08:15 am Share Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, will host its first Investor Day on Tuesday, September 26, 2023, beginning at approximately 12:00 p.m. ET / 9:00 a.m. PT at its San Francisco headquarters. Blend’s executive leadership team will present the Company’s business and sales strategy, product roadmap, and long-term vision for growth and profitability, with live Q&A to follow. A live webcast of the event will be available on the Company’s investor relations website at https://investor.blend.com. A replay of the webcast will be available at the same address for 365 days following the event. About Blend Blend is the infrastructure powering the future of banking. Financial providers— from large banks, fintechs, and credit unions to community and independent mortgage banks—use Blend’s platform to transform banking experiences for their customers. Blend powers billions of dollars in financial transactions every day. To learn more, visit blend.com. Forward-Looking Disclaimer This press release and the presentation to which it refers may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may include, but are not limited to, our expectations regarding our results of operation and financial condition, product roadmap, future products/features, the timing of new product/feature introductions, market size and growth opportunities, macroeconomics and industry conditions, capital expenditures, plans for future operations, competitive position, technological capabilities and strategic relationships, as well as assumptions relating to the foregoing. Forward-looking statements are subject to risks and uncertainties that could cause actual outcomes to differ materially from the outcomes predicted. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these terms or other comparable terminology that concern Blend’s expectations, strategy, plans or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which such performance or results will be achieved, if at all. Further information on these risks and uncertainties are set forth in our filings with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Blend and assumptions and beliefs as of the date hereof. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. Except as required by law, Blend does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20230905314063/en/ Share

Blend Frequently Asked Questions (FAQ)

  • When was Blend founded?

    Blend was founded in 2012.

  • Where is Blend's headquarters?

    Blend's headquarters is located at 415 Kearny Street, San Francisco.

  • What is Blend's latest funding round?

    Blend's latest funding round is IPO.

  • How much did Blend raise?

    Blend raised a total of $684.61M.

  • Who are the investors of Blend?

    Investors of Blend include Coatue Management, Tiger Global Management, 8VC, Greylock Partners, Temasek and 26 more.

  • Who are Blend's competitors?

    Competitors of Blend include RealKey, Neofin, Habito, Roostify, Kiavi, Truework, Koodoo, SimpleNexus, MeridianLink, Lower and 15 more.

  • What products does Blend offer?

    Blend's products include Mortgage Suite and 1 more.

  • Who are Blend's customers?

    Customers of Blend include U.S. Bank, BMO Harris Bank, Navy Federal Credit Union, Lennar Mortgage and Movement Mortgage.

CB Insights
Looking for a leg up on competitive, customer and technology insights?
CB Insights puts confidence and clarity into your most strategic decisions.
See how. Join a demo.
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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
MicrosoftWalmartWells Fargo

Compare Blend to Competitors

L
Lower

Lower provides a mobile-first homeownership ecosystem. It provides consumers with everything they need to buy a home including a home savings account, home financing and refinancing, real estate agent match, and instant homeowners insurance quote. It was founded in 2018 and is based in New Columbia, Maryland.

I
ICE Mortgage Technology

ICE Mortgage Technology develops software products and services for mortgage lenders to process mortgage applications. is a cloud-based platform provider for the mortgage finance industry. It is based in Pleasanton, California.

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Abrigo

Abrigo is a technology provider of compliance, credit risk, and lending solutions that community financial institutions use to manage risk and drive growth. Abrigo's software automates processes from anti-money laundering to fraud detection to lending solutions.

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Revvin

Revvin operates as a digital lending platform. The platform allows financial institutions of every scale to deliver lending solutions without writing any custom code. The company was formerly known as Hippoteq and MortgageHippo. It was founded in 2013 and is based in Chicago, Illinois.

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Perenna

Perenna operates as a digital mortgage bank. It provides mortgages against a promise to pay a fixed monthly payment over a period of time and the firm takes charge of properties as security for the payments. The mortgages are financed by issuing covered bonds on the London Stock Exchange. The platform offers various mortgage solutions such as for life, remortgage, and more. The company was founded in 2018 and is based in London, U.K.

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Hometap

Hometap operates as a financial technology company. It provides funds for homeowners to address financial needs such as fund an education, fund an live event, pay off debt, and more. It was founded in 2017 and is based in Boston, Massachusetts.

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