As we head into the last quarter of this very exciting year, we wanted to sum up some of our achievements and give you a sneak peek into some of the exciting things we have in store for all of you.
Following a soft launch in the second half of 2017, Blend Network officially launched on the 1st of January 2018. It has been an awesome year chez Blend so far. Here’s a look at some of our achievements to date:
- £3.48 million lent
- 15 loans fully funded
- Average return to lenders 07% p.a.
- 0 default
- Average 56% Loan-To-Value
- Funded the largest P2P property deal under the Bank Referral Scheme to date – a deal referred by Barclays
What’s in store in Q4 2018?
The last quarter of the year is looking very busy for Blend Network, with £3 million worth of loans in the pipeline. Our lenders may expect double-digit returns on all our upcoming loans in Q4 2018. As we have seen the appetite for our loans continuously grow, we are expecting to grow our team in the coming months in order to be able to bring more high-quality loans to our lenders. Last but not least, you may have seen in the news that we were recently selected as one of the UK’s top-10 FinTech companies by the Mayor of London’s TechInvest initiative. We attended the Mayor’s office on the 28th of September to pitch in front of 130+ investors.
We would like to take this opportunity to once again thank all our lenders, borrowers and all those of you who have supported us through this exciting journey. Here’s to a successful Q4 and much more to come! Cheers #LendWithBlend