3 years ago

Ethical Lender Plend Secures £40M Seed Funding to Revolutionize Green Energy Loans

  • Ethical lender Plend has raised £40 million in a seed funding round led by angel investors, including the co-founders of challenger banks Monzo and Starling

  • The London-based startup aims to provide an alternative to traditional credit scoring systems and offer low-interest loans for green energy solutions

  • The funding will support Plend's customer acquisition and business growth plans.

      • ProblemFinancial Services

      "Many people are locked out of the market for loans due to the broken credit scoring system, especially during times of economic turbulence and rising interest rates."

      Solution

      "Plend offers low-interest loans to those buying green energy solutions such as heat pumps, providing a truly ethical alternative to the broken credit scoring system."

      Covered on