Are blend labs profitable?

Blend, which has never been profitable, raised $360 million in its IPO, selling 18 million shares at $18 each.

Who owns Blend?

Nima Ghamsari
Explore the seeds of Blend’s growth through the eyes of co-founder and Head of Blend, Nima Ghamsari.

How much has Blend raised?

Over its lifetime, Blend had raised $665 million before Friday’s public market debut. In filing its S-1 on June 21, Blend revealed that its revenue had climbed to $96 million in 2020 from $50.7 million in 2019. Meanwhile, its net loss narrowed from $81.5 million in 2019 to $74.6 million in 2020.

Is Blend going to IPO?

The mortgage fintech that likened the future of digital lending to Burger King is now having it their way. After filing a confidential statement in April and officially registering with the Securities and Exchange Commission in June, Blend Labs launched its initial public offering today.

What does blend labs do?

Blend Labs, Inc. designs and develops software. The Company offers a platform that focuses on mortgage lending, as well as provides an application experience for home buying process for both buyers and lenders. Blend Labs serves customers worldwide.

How many employees does blend have?

Blend was founded in 2012 and its current CEO is Nima Ghamsari. Since its inception 9 years ago, Blend has grown to 400 employees.

Is blend a good company?

Overall, the 45 Blend employees give their leadership a grade of A+, or Top 5% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager. Overall, employees at Blend are extremely happy with their team.

Is blend a unicorn?

Blend announced Wednesday it has raised a $75 million Series F round at a valuation of nearly $1.7 billion, making it officially a unicorn.

What is a good IPO to invest in?

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How does blend work?

BLEND is a peer-to-peer property lending platform that lends to established businesses (mostly property developers) with loans secured against property. BLEND’s ‘loan-based crowdfunding’ platform was founded by a team of professionals with substantial experience in real estate and finance.

Who are blend competitors?

14 Competitors Blend’s competitors are Lower, SoFi, Cloudvirga, Amount, and more.

How does Blend work?