FT Partners Advises Blend on its $150 million Financing

FT Partners is pleased to announce our role as financial and strategic advisor to Blend on its $150 million financing from Haveli Investments in the form of convertible preferred stock with a zero percent coupon. Blend will use approximately $145 million of the proceeds to repay all amounts payable under its existing credit agreement, and the remainder for general corporate purposes. This investment further strengthens Blend's financial position and balance sheet for long-term growth and value creation.

Based in San Francisco, Blend (NYSE: BLND) is a provider of infrastructure powering the future of banking. Financial providers – from large banks, FinTech companies, and credit unions to community and independent mortgage banks – use Blend's platform to transform banking experiences for their customers. Blend powers billions of dollars in financial transactions every day.

Please view our detailed profile for additional information on this transaction.?

The Blend transaction highlights FT Partners' ability to creatively structure financing transactions in order to drive highly favorable outcomes for both public and private FinTech companies. This transaction also builds on our deep domain expertise across the Banking and Lending Tech sector as well as our track record of representing many of the absolute best FinTech companies globally.

Selected FT Partners-advised transactions include: ?

• Revolut's $1.25 billion Financing at a $33 billion Valuation
• Assurance's $3.5 billion Sale to Prudential
• Divvy's $2.5 billion Sale to BILL
• SquareTrade's $1.4 billion Sale to Allstate
• Velocity Global's $400 million Series B Financing
• AvidXchange's $388 million Growth Financing
• Lendable's ~$275 million Financing at a ~$4.5 billion Valuation
• Mambu's $266 million Series E Financing at a ~$5.5 billion Valuation
• Marqeta's $260 million Series E Financing
• Bilt's $200 million Financing at a $3.1 billion Valuation?
• Cart. com's $60 million Series C Financing
• Thunes' $60 million Series C Financing