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Ethical Lender Plend Backed By Monzo And Starling Founders In £40M Seed Round

Nov 02, 2022about 3 years ago

Amount Raised

£40 Million

Round Type

seed

LondonFinanceFinancial Services

Description

Consumer lending platform Plend has banked £40m in seed funding, with angel investment coming from the co-founders of challenger banks Monzo and Starling.

Company Information

Company

Plend

Location

London, Ontario, Canada

About

Plend is a consumer lender on a mission to better understand people who, up until now, have been ignored or exploited by mainstream credit solutions. Over the last two years, we have assembled a world-class team of credit risk, open-banking, machine learning and B2C fintech leaders who have built and tested the PLEND Score®, a proprietary lending model that enables people to access credit at genuinely affordable rates in the UK. We care passionately about creating a fairer financial future where we accurately assess real affordability in order to provide a truly low cost solution that enables people to live a full and happy life, which we all deserve. You’re unique, and we love that 👊 Backed by the Fair By Design Fund, NBS Ventures, Tomahawk.VC and Haatch Ventures To find out more, visit us at www.plend.co.uk or follow us on Instagram at @plend.uk.

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Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech