Tech Company Financing Transactions
Plend Funding Round
On 11/2/2022, Plend raised $45.5 million in Seed investment from Active Partners, Ascension Ventures and DD Venture Capital.
Transaction Overview
Company Name
Announced On
11/2/2022
Transaction Type
Venture Equity
Amount
$45,510,000
Round
Seed
Investors
Active Partners (Nick Green)
Ascension Ventures (Emma Steele)
Proceeds Purpose
The investment will be used to help scale the business into 2023, focusing on acquisition of new customers via new partners and reaching new audiences who find themselves excluded from the current credit system.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Aldgate Tower- Sixth Floor 2 Leman Street
London, England, E1 8FA
UK
London, England, E1 8FA
UK
Phone
Undisclosed
Website
Email Address
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Robert Pasco
Chief Technical Officer
James Pursaill
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Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC investment data records on this site are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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