Blend Network, a peer-to-peer business lending platform, has raised £10mn.
In Brief:
The institutional raise was led by VC investor Nico Paraskevas.
It also included existing investors like OakNorth Bank chair Cyrus Ardalan.
Blend was founded by Yann Murciano, former Executive Director at Morgan Stanley.
What does this mean?
The latest funding will be used to scale Blend’s origination team, with some invested in technology.
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The funding will support Tyme's expansion into Southeast Asia, including Vietnam and Indonesia, as it aims to become a top retail bank in South Africa within three years....
The acquisition is expected to enhance FIS's portfolio, following its recent purchase of San Francisco-based Banking-as-a-Service fintech Bond.
AHAM Capital is replacing legacy, on-premises systems with Temenos Multifonds Global Accounting on SaaS to drive scalable automation and future growth in the Malaysian ma...
The funding will drive the growth of its consumer lending platform, CashNow, and improve its Ultra app ecosystem
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