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This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Fintech firms land $300 million investments

Fintech

Digital lending technology provider Blend closed a $300 million Series G funding

Blend and MX, both FinTech startups, separately announced that they have each landed $300 million in funding.

“Money experience” company MX said it has landed $300 million in a Series C funding round, which was headed up by a $150 million investment from TPG Growth in addition to participation from new and current backers, according to an announcement.

MX said it will use the infusion to help organizations digitize the “money experience,” leveraging data to make “interacting with money as intelligent and personalized as shopping on Amazon, streaming music on Spotify or driving a Tesla.”

Along with incredible partners, we are helping financial institutions and technology companies accelerate their digital roadmaps and launch next-generation services and apps that will fundamentally transform how people interact with their money, MX Founder and CEO Ryan Caldwell said in the announcement.

Digital lending technology provider Blend said it closed a $300 million Series G funding headed up by Tiger Global and Coatue, according to an announcement. The company said the funds will go toward expansion and investment in offerings for FIs.

No consumer dreams about applying for a home equity line of credit or a mortgage — they’re looking to create a dream kitchen or purchase their first home. We are helping our lenders be there as trusted advisors for their customers at every one of life’s milestones, Blend Founder and CEO Nima Ghamsari said in the announcement.

Blend says it is developing a technology platform for consumer banking, which includes a connected infrastructure for deposit accounts, consumer loans and mortgages, in addition to a mortgage platform that lets people finish the home finance process in one location.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.