About Plend
Plend is a company based in London (United Kingdom) founded in 2020.. Plend has raised $40.57 million across 3 funding rounds from investors including Starling Bank, Oodle Car Finance and Soho House. The company has 10 employees as of March 31, 2022. Plend offers products and services including Plend Loan and PLEND Score. Plend operates in a competitive market with competitors including Zopa, Amigo Loans, Oplo, Zaim Credit Systems and 1plus1 Loans, among others.
- Headquarter London, United Kingdom
- Employees 10 as on 31 Mar, 2022
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Plend Limited
- Date of Incorporation 01 May, 2020
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40.57 M (USD)
in 3 rounds
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Latest Funding Round
$39.6 M (USD), Seed
Nov 02, 2022
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Investors
Starling Bank
& 12 more
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Employee Count
10
as on Mar 31, 2022
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Products & Services of Plend
Plend offers a comprehensive portfolio of products and services, including Plend Loan and PLEND Score. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Affordable personal loans based on customized financial evaluation
Bespoke system analyzing real spending habits for loan eligibility
Funding Insights of Plend
Plend has successfully raised a total of $40.57M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $39.6 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $39.6M
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First Round
First Round
(07 Sep 2021)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Seed - Plend | Valuation | Active Partners , DD Venture Capital | |
| Nov, 2022 | Amount | Debt – Conventional - Plend | Valuation |
investors |
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| Sep, 2021 | Amount | Seed - Plend | Valuation | Tomahawk VC , Ascension |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Plend
Plend has secured backing from 13 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Starling Bank, Oodle Car Finance and Soho House. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Active Partners is engaged in consumer-focused brand investments.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Early-stage venture investments are made by Tomahawk.VC in technology startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Plend
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Plend
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Plend Comparisons
Competitors of Plend
Plend operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zopa, Amigo Loans, Oplo, Zaim Credit Systems and 1plus1 Loans, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Internet-first banking and loans are provided to consumers via app.
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| domain | founded_year | HQ Location |
Guarantor loans are provided to UK consumers by Amigo Loans.
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| domain | founded_year | HQ Location |
Consumer loans are facilitated via an online application process.
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| domain | founded_year | HQ Location |
Consumer loans are provided to individuals by Zaim Credit Systems.
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| domain | founded_year | HQ Location |
Guarantor loans from £500 to £5000 are provided directly online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Plend
Frequently Asked Questions about Plend
When was Plend founded?
Plend was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Plend located?
Plend is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Plend a funded company?
Plend is a funded company, having raised a total of $40.57M across 3 funding rounds to date. The company's 1st funding round was a Seed of $968.76K, raised on Sep 07, 2021.
How many employees does Plend have?
As of Mar 31, 2022, the latest employee count at Plend is 10.
What does Plend do?
Plend was founded in 2020 in London, United Kingdom, as a fintech company focused on consumer lending. An online platform is operated where loan applications are submitted and funded through partner networks. Credit assessments are conducted using a proprietary scoring system that evaluates applicants spending patterns and financial circumstances. Services are provided digitally to support individual borrowing needs within the lending sector.
Who are the top competitors of Plend?
Plend's top competitors include Zopa, Selina Finance and Ayan Capital.
What products or services does Plend offer?
Plend offers Plend Loan and PLEND Score.
Who are Plend's investors?
Plend has 13 investors. Key investors include Starling Bank, Oodle Car Finance, Soho House, Sivo, and Gary Dolman.
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