Blender is a fintech company that utilizes a fully digital platform and big data analytics to provide instant credit risk assessments and financing solutions for consumers at point-of-sale locations, both online and in-store. By offering quick and responsible access to loans, car financing, and investment opportunities, Blender addresses the challenges of traditional banking inefficiencies and high fees.
Funding
$1.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional banking systems often involve inefficiencies and high fees, making it difficult for consumers to access quick and responsible financing solutions, especially at the point of sale. Consumers face challenges in obtaining instant credit risk assessments and suitable financing options for various purchases.
Solution
Blender provides a fully digital platform that leverages big data analytics to offer instant credit risk assessments and financing solutions for consumers at point-of-sale locations, both online and in-store. The platform enables quick access to loans, car financing, and investment opportunities through a streamlined digital process. By using extensive data mapping and fraud prevention models, Blender delivers credit risk assessments within 30 seconds, even without prior knowledge of the customer. This approach allows consumers to enjoy convenient installment plans for a broad range of products and car purchases.
Target Audience
Blender primarily targets consumers seeking quick and responsible access to loans, car financing, and investment opportunities at point-of-sale locations and through online platforms.
Features
- 100% digital platform, eliminating paper forms and manual processes
- Big Data Analytics for forecasting and risk management using multiple data sources
- Instant credit risk assessments provided within 30 seconds
- Multi-dimensional fraud prevention model to evaluate credit risks
- Online peer-to-peer lending platform
- Options for point-of-sale financing for a range of products
- Car financing solutions with convenient installment plans
- Investment opportunities through the Blender Invest platform