
Blend Labs Inc
BLND · NYSE · Technology / Software - Application
Price History
Full chartMarket Stats
About
Blend Labs, Inc. provides a cloud-based software platform for financial services firms in the United States, India, and Mexico. The company offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, rapid home lending, personal loans, credit cards, and deposit accounts; and a suite of add-on products that offers to enhance consumers' journeys to homeownership, such as close, income verification for mortgage and home equity lines of credit, and home equity loans. It also provides Blend Builder to configure or build custom workflows from a pre-built set of components; verification components to automate confirmation tasks that are needed to underwrite a loan or approve the opening of a new deposit account; decisioning components to reduce the need for human intervention by automatically applying business rules throughout an application workflow configured by a financial services firm; AI capabilities; and workflow intelligence components to manage data collection and automate tasks throughout the loan origination process. In addition, the company offers application programming interfaces, which integrate the capabilities of technology, data, and service providers into software platform, as well as support services, professional and consulting services. It serves banks, credit unions, fintechs, and other non-bank mortgage lenders. The company was incorporated in 2012 and is headquartered in Novato, California.
Company Details
- SectorTechnology
- IndustrySoftware - Application
- CEOMr. Nima Ghamsari
- Employees419
- Headquarters7250 Redwood Blvd., Novato, CA, United States, 94945, USA
- Websitehttps://www.blend.com
Leadership
- Mr. Nima GhamsariCo-Founder, Chairman, CEO & Head of Blend · b. 1986
- Mr. Jason ReamHead of Finance & Administration · b. 1972
- Mr. Srinivasan VenkatramaniHead of Product, Technology & Customer Operations · b. 1978
- Ms. Meg NunnallyHead of Investor Relations
- Ms. Winnie LingHead of Legal & People · b. 1986
- Ms. Reva RaoHead of Digital Transformation for Credit Unions
- Mr. Matt ThomsonHead of Revenue · b. 1971
Financials
Income Statement
Balance Sheet
Cash Flow
Earnings
Key Statistics & Ratios
Analyst Ratings
- Strong Buy3
- Buy2
- Hold2
Ownership Breakdown
- Institutions
- 70.49%
- Insiders
- 9.99%
- Retail / Other
- 19.52%
Top Institutional Holders
- Haveli Investment Management LLC18.69M7.90%
- BlackRock Inc16.29M6.89%
- Cypress Point Investment Management, LP14.30M6.05%
- Capricorn Fund Managers Ltd11.31M4.78%
- Vanguard Capital Management, LLC9.65M4.08%
- Vanguard Portfolio Management, LLC6.70M2.83%
- Whitebark Investors6.34M2.68%
- State Street Corp6.30M2.66%
- Citadel Advisors Llc5.06M2.14%
- Geode Capital Management, LLC4.84M2.05%
- Emergence GP Partners, LLC4.24M1.79%
- Millennium Management LLC3.49M1.48%
- Divisadero Street Capital Management, LP3.18M1.34%
- The Goldman Sachs Group Inc2.60M1.10%
- Irenic Capital Management LP2.20M0.93%
- Jacobs Levy Equity Management, Inc.2.17M0.92%
Top Fund Holders
- Vanguard MStar Total Stk Mkt Idx Invest5.88M2.49%
- iShares Russell 2000 ETF4.87M2.06%
- Vanguard Information Technology ETF4.24M1.79%
- Fidelity Small Cap Index2.01M0.85%