Peer-to-peer lender Blender begins global rollout, eyes IPO
The Israeli peer-to-peer (P2P) lending platform Blender is expanding overseas as it readies for a probable initial public offering in London. The company launched in Israel two years ago and has made 45 million shekels ($11.9 million) in loans to date to 2,500 people.
It opened offices recently in Vilnius, Lithuania, and Milan, and plans to open more in Africa, Latin America and elsewhere in Europe in the coming year. Meanwhile, it has been part of the London Stock Exchange’s elite program for startups on the path to an IPO.
“Since we launched in Israel in 2014, we’ve been building infrastructure whose goal is to ready Blender for the global market,” said CEO Gal Aviv. “Lenders from developed countries will benefit from reliable, liquid and high-yielding savings opportunities. Borrowers in target countries will benefit from attractive, easy, friendly and easily available credit.” (Shelly Appelberg)
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