Blend, a California-based online consumer lending platform, has received $100m in Series D funding.
The funding round was led by Greylock Partners, with other participants being Emergence Capital, 8VC, Lightspeed Venture Partners, and Nyca Partners.
The latest funding takes the total capital raised by the company till date to $166m.
Blend said that it will use the capital to expand its operations outside the US, replicate its model with mortgages to other types of loans, and expand workforce.
Blend CEO and founder Nima Ghamsari said: “Today, the impact of our intuitive, modern platform is felt by hundreds of thousands of borrowers across the country. Our partners command around 25 percent of the total U.S. mortgage market, and with this round of funding, we have the opportunity to expand the breadth of our product and serve more borrowers.”
Blend, established in 2012, had over $30bn in mortgage applications in 2017. The company currently employs around 200.