San Francisco based digital lending company raised $75m in Series F funding led by Canapi Ventures.
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Blend raises $75m in Series F funding at a valuation of almost $1.7b
“We’re seeing banks accelerate their move to digital from what was three to five years to months now,” Jeffrey Reitman, a partner at Canapi Ventures, said in an interview. “What really drove us to investing now was just looking at all their expansion opportunities” throughout retail banking, he said. “We just think they’ve wedged themselves into the market in a great place.”
