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 decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
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