Consumer Lending Startup Blender Raises $22 Million in Debt Financing, Equity
Founded in 2014, Blender offers an online service that allows users to apply for a loan of up to 10,000 euros (approximately $12,350) or become lenders themselves
Meir Orbach | 13:00 22.07.2019
Israel-based consumer lending startup Blender P2P Israel Ltd. has raised $22 million in debt financing and equity, the company announced Monday. The debt round was led by Paris-based hedge fund Eiffel Investment Group SAS. The equity round was led by Thailand-based Asia Plus Group Holdings PCL, with participation from San Francisco-headquartered early-stage venture capital firm Blumberg Capital and Israeli construction company Aviv Group. The company did not disclose the financial details, but a person familiar with the matter told Calcalist on condition of anonymity that the equity raised amounted to $5 million. Founded in 2014 and based in Ramat Gan, a town in the Tel Aviv metropolitan area, Blender offers an online service that allows users to apply for a loan of up to 10,000 euros (approximately $12,350) or become lenders themselves. Blender has provided approximately $150 million in loans and has 250,000 registered clients, the company said in a statement.