Blender secures $22 million in combined debt financing and equity to expand its online lending platform. The service enables users to apply for loans up to €10,000 or participate as lenders. Founded in 2014, Blender operates a peer-to-peer lending model targeting consumer credit needs.
Blender secures **$16 million** in combined debt and equity funding to support its peer-to-peer lending operations. The company operates in **Israel, Italy, and the Baltic States** and plans to expand into **Asia**. Blender connects borrowers and lenders directly, bypassing traditional financial intermediaries.
BLender, an Israel-based peer-to-peer lending platform, opens offices in Milan and Vilnius to expand into Italy and the Baltic region. The move marks the company’s first international milestone, targeting broader European customer access. The new locations will support operations and service delivery in the specified markets.
Sep 2016Financial and Business News | Finance MagnatesNews article
Israeli investment firm **Psagot** acquires a **20% stake** in **BLenders’** peer-to-peer lending business in Israel, pending regulatory approval. The deal grants Psagot a board seat in BLenders Israel. Financial terms remain undisclosed.
Jun 2016Financial and Business News | Finance MagnatesNews article