Participated · Seed · Nov 2022

Founded in 2020, Plend is an FCA-authorised consumer lender that uses Open Banking data and its proprietary PLEND Score® to assess affordability based on customers’ real financial circumstances rather than traditional credit scores. The company focuses on serving near-prime borrowers overlooked by mainstream lenders, helping them consolidate multiple expensive commitments into a single, structured repayment plan. Plend describes its underwriting as technology-led and positions itself around responsible, transparent lending and financial inclusion. The business is a Certified B Corporation and plans to scale its lending platform, supported by the new committed facility to refinance existing lines and fund new originations. No revenue or user metrics were disclosed in the articles.