BLender News
31 articles
Middle Eastern Penny Stocks With Market Caps Under US$90M To Watch
A1 Capital Yatirim Menkul Degerler A.S., a brokerage company with a market cap of TRY3.27 billion, has recently turned profitable, reporting a net income of TRY369.89 million for 2024. The company has improved its financial health by reducing its debt-to-equity ratio from 86% to 44.2% over five years and maintaining more cash than total debt. Its price-to-earnings ratio of 8.8x is below the Turkish market average, indicating potential value for investors. The companys short-term assets significantly exceed its liabilities, reflecting strong liquidity management. This positions A1 Capital as a promising opportunity for investors interested in penny stocks within the Middle Eastern market.
Blender Technologies and Sapiens Partner to Expand Global Reach
Blender Technologies, a fintech company specializing in credit and financing solutions, has announced a strategic partnership with Sapiens International Corporation. This collaboration aims to expand Blenders global reach by leveraging Sapiens extensive network in the insurance industry. Blenders cloud-based credit platform, which utilizes big data and machine learning, will be marketed to financial institutions worldwide. The partnership is expected to create significant growth opportunities for both companies, with Blender gaining access to new markets and Sapiens expanding its product portfolio into the credit sector.
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בלנדר מצטרפת למהפכת הבנקאות הפתוחה
Blender Financial Technologies has successfully implemented open banking-based prediction models in its operations in Israel, becoming the first fintech company to use open banking as part of its credit approval processes in the country. The company has extensive experience in this field due to its operations in Europe, which have been using open banking-based prediction models since 2017. Thanks to the open banking reform that came into effect in June 2022 in Israel, the company has now successfully embedded open banking modules in its operations in Israel. The access to more diverse and extensive sources of information will significantly upgrade the technological model on which Blenders platform for providing fast digital credit is based.
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בלנדר פיי המיזם המשותף של בלנדר והפועלים ישולב ברשת עולם הקולנוע
Blender Pay, a joint venture between Blender and Bank Hapoalim, is expanding its operations in the electronics and electrical sector. The company has announced a new partnership with the World of Cinema network. As part of the collaboration, Blender Pays payment platform will now be integrated into the World of Cinema website and its 20 stores across the country. Customers will be able to purchase the networks products in a wide range of installments, outside the credit framework, using Blenders technology. For every purchase of 1000 and above, customers will be able to get a wide range of installments of up to 36 payments through Blender Pay.
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בלנדר חתמה על שת"פ עם רשת אידיגיטל משווקת מוצרי Apple בישראל
Blender, a financial technology company, has announced a partnership with iDigital and iDigital Goodiz, Apples importers in Israel. As part of the collaboration, Blenders payment platform, blenderPay, will now be integrated into 26 stores across the country and on the companys website. Customers will be able to purchase the networks products in a wide range of payments, by standing order outside the credit framework using Blenders technology. The platform can quickly examine the transaction portfolio and approve it. The advantage for the customer is the ability to make a large transaction in payments without affecting the credit framework and all this in a fully digital way without forms and bureaucracy.
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תחרות בשוק האשראי הצרכני בישראל: בלנדר ובנק הפועלים משיקים את המיזם המשותף
Blender Technologies has received a license to provide extended credit and has launched blenderPay BNPL, a company established with Bank Hapoalim that offers digital consumer credit for financing purchases at points of sale and e-commerce websites. The company is a leader in the BNPL sector in Israel and has partnerships with various businesses. The collaboration between Blender Technologies and Bank Hapoalim is expected to begin operations in the first quarter of 2023. BlenderPay allows customers to receive funding outside of their existing credit framework, enabling installment payments for purchases over 1,000 ILS. The service is already available at over a thousand points of sale and e-commerce sites in Israel.
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בלנדר מגייסת 180 מיליון ש"ח מגוף מוסדי בריטי
Blendr Technologies has announced a new credit line agreement with a British institutional body, totaling approximately 180 million shekels (about 50 million euros). The credit line will be used to expand consumer credit activities in Blendrs operating countries in Europe. The company has experienced significant growth in Europe, including the acquisition of financial corporation LTL, expanding its credit portfolio and operations in Lithuania, Latvia, and Poland. Blendr is a leader in the Buy Now Pay Later revolution, offering digital and simple installment payments for e-commerce and point-of-sale transactions.
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בלנדר מרחיבה את פעילותה בתחום המימון לרכב כלכליסט
בלנדר, חברת טכנולוגיות פיננסיות, מרחיבה את פעילותה בתחום המימון לרכבי יד שניה ואפס קילומטר. החברה תעמיד הלוואות לרוכשי רכב יד שנייה במימון שיתקבל מבנק מזרחי בסך של כ-50 מיליון שקל. היכולת הטכנולוגית והתפעולית של החברה מאפשרת אישור מימון בטווח זמנים קצר ובאופן דיגיטלי פשוט בעמדת המכירה. בלנדר פועלת כיום במעל 450 סוכנויות רכב בישראל ובאירופה ומתקדמת להפוך לבנק דיגיטלי באירופה.
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Blender acquires a Financial Institution in Europe and increases its secured loan portfolio by NIS 112 million
Blender Financial Technologies has announced the acquisition of a Lithuanian credit union that is in the process of obtaining a specialized banking license. The acquisition is expected to accelerate Blenders process of obtaining a banking license, triple its credit portfolio, and reduce its costs of funding in Europe. The company aims to become a pan-European digital bank specializing in mortgages, real estate-backed credit, and secured consumer credit. The acquisition is subject to due diligence and the conversion of the credit union license. Blender has been expanding since its IPO in January 2021 and has recently signed an agreement with Bank Hapoalim. The acquired credit union manages deposits of NIS 124 million and has a secured loan portfolio of NIS 112 million. The acquisition is valued at approximately NIS 18 million.
Acquisition
https://www.jpost.com/business-and-innovation/banking-and-finance/article-692708
Blender Financial Technologies has acquired a Lithuanian credit union, increasing its secured loan portfolio by NIS 112 million. The acquisition is expected to triple Blenders European credit portfolio and reduce its costs of funding in Europe. The credit union has approval in principle to convert to a bank and is expected to obtain a special banking license in the near future. Blender aims to become a pan-European digital bank specializing in mortgages, real estate-backed credit, and secured consumer credit. The acquisition will expedite the credit unions process of obtaining a banking license. Blender recently had an IPO on the Tel Aviv Stock Exchange and signed an agreement with Bank Hapoalim to provide digital consumer credit. The acquisition is a milestone in Blenders growth in digital banking in Europe.
Acquisition
https://www.jpost.com/business-and-innovation/article-689861
The article discusses the growth of the Buy Now Pay Later (BNPL) industry and its impact on traditional banking. It highlights Blender, a fintech company that offers BNPL services in Israel. The article mentions that young people are becoming more cautious about taking loans and prefer to manage their finances responsibly. Blender allows customers to make purchases and divide the payments into up to 42 installments without using their credit line. The company operates in four European countries and is in the process of obtaining a license to operate a digital bank in Europe. Bank Hapoalim has partnered with Blender to establish a joint company for digital consumer credit. Blender recently became a public company traded on the Tel Aviv Stock Exchange. The article emphasizes the need for fast digital financing solutions and the advantages of collaboration between banks and fintech startups.
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בלנדר ובנק הפועלים מקימים חברה לאשראי בתשלומים בנקודות המכירה
Blender, a fintech company, and Bank Hapoalim have announced a partnership to establish a joint company that will provide digital consumer credit for purchases at points of sale and e-commerce sites. The joint company will be 20% owned by Bank Hapoalim and 80% by Blender. The deal is subject to the approval of the Competition Authority and the company obtaining a credit provider license from the Capital Market Authority. The service will provide a solution for customers who want to make purchases of more than 1,000 shekels and spread them over payments.
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ההפסד של חברת הפינטק בלנדר גדל ל-6.8 מיליון שקל במחצית 2021 כלכליסט
Blend Financial Technologies, a fintech and non-bank credit company, reported a loss of 6.8 million shekels in the first half of 2021, compared to a loss of 4.7 million shekels in the same period in 2020. However, the companys revenues grew by 23% in January-June to 9 million shekels. The majority of the revenues came from credit activity fees, with loan activity reaching 124 million shekels, a 27% increase compared to the first half of 2020. Blend, founded in 2014, operates mainly in the social lending (P2P) sector and has 457,000 customers in Israel and Europe. The company is listed on the stock exchange and has recently received approval to operate in Poland.
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בלנדר מקימה פעילות אשראי חוץ בנקאי בפולין
Blend Financial Technologies is expanding its international operations and establishing a banking credit activity in Poland. The company, known as Blend Poland, has received approval to provide consumer credit in Poland and has registered with the Polish Loan Providers Register. The company has also appointed a local management team to establish and manage credit operations in Poland. The expansion into Poland is part of Blends growth strategy, as the country offers significant potential in consumer credit and digital banking. Polands credit market is estimated at around €170 billion and is expected to experience significant growth in digital banking and credit. Blend Financial Technologies aims to become a leading global fintech company in consumer credit.
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הנפקת בלנדר: בעלת השליטה רכשה 10%, המוסדיים הגדולים לא השתתפו
Loan brokerage company Blender has raised approximately 55 million shekels in the institutional phase of its initial public offering (IPO). The IPO was led by Sphera and Alpha funds, which invested 7 million shekels each, and Eyalon Investment House, which invested 6.5 million shekels. Other investors included Fattal Hotels, Iladav, Helman Aldubi, Hakshara Insurance, Epsilon, and Kesem Mutual Funds. Aviv Group, which owns 40% of Blender, also purchased about 10% of the offering for 5.5 million shekels. Blender plans to raise an additional 15 million shekels in the public phase of its IPO.
InvestmentPublic Trading
בלנדר גייסה 55 מיליון שקל בשלב המוסדי
Blendr, a consumer credit company, has completed the institutional stage of its issuance, raising 55 million shekels. The company plans to raise an additional 15 million shekels in the public stage. Blendr, which is owned by the Aviv family, aims to expand its operations and obtain a license for digital banking in Europe. The funds raised will also be used to establish a joint loan platform with Bank Hapoalim. Blendr has provided loans totaling 670 million shekels since its establishment in 2014. Although the company is currently not profitable, its revenues have shown growth.
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Consumer lending startup Blender going public on Tel Aviv Stock Exchange at $88 million valuation
Blender P2P Israel Ltd., a consumer lending startup, is planning to expand its services in Europe and set up a loans platform with Bank Hapoalim. The company is heading for an IPO on the Tel Aviv Stock Exchange, aiming to raise NIS 70 million at a valuation of NIS 280 million. Blender, although not profitable, has increased its revenue by 45% year-on-year in the first half of 2020. The funds raised will be used for the companys expansion and to obtain a license to run a digital bank in Europe. The Aviv family, which owns 40% of Blender, includes Gal Aviv as the CEO, Boaz Aviv as the CTO, and Doron Aviv as the chairman. Other shareholders include Blumberg Capital and the Yedioth Ahronoth Group.
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פסגות יוצא למאבק על נתח מבלנדר
Psagot Investment House has filed a lawsuit against Blend Israel, seeking to cancel a share allocation made during a capital raise by the company. The move has resulted in Psagots 20% stake in Blend Israel, whose parent company is nearing an IPO at a company value of NIS 700 million, being almost completely diluted. Blend Israel responded by stating that Psagot had consistently ignored its substantial obligations agreed between the parties over the years.
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משפחת אביב בוחנת הנפקה של בלנדר לפי שווי 700 מיליון שקל
בלנדר, a credit company in Israel, is planning to launch an initial public offering (IPO) on the stock exchange with a valuation of approximately $200 million. The company, which is owned by the Aviv family, aims to take advantage of its positive business momentum. They are seeking to raise funds through the IPO. The article also mentions the establishment of a digital bank in Europe by בלנדר. The specific date of the event is not mentioned in the article.
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"נקים בנק דיגיטלי באירופה עם בנקאות אמיתית - רק אשראים וחסכונות"
Israeli loan platform Blender is in the process of obtaining a license to operate a digital bank in the European Union. The company, which connects borrowers and lenders, also operates a direct consumer credit business in Europe. The CEO stated that the digital bank will provide returns to those receiving zero interest on their deposits in the UK and Spain.
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Menorah Mivtachim teams with P2P loans co Blender
Blender, a P2P lending platform, has signed an agreement with Menorah Mivtachim Holdings Ltd. for a NIS 90 million credit line to provide consumer loans to the Israeli public. This is the first time this structure has been used in Israel, allowing businesses to arrange point of sale loans through Blender. The credit line will enable businesses to receive the entire purchase price from Blender on the day a deal is signed, while the purchaser repays the loan in monthly installments over a period of up to three years. Blender has over 350,000 registered customers and has lent over NIS 500 million. The deal was initiated by Active Underwriting Ltd., and Menorah Mivtachim will also provide a subordinated loan of NIS 10 million.
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Consumer Lending Startup Blender Raises $22 Million in Debt Financing, Equity
Blender P2P Israel Ltd., a consumer lending startup, has raised $22 million in debt financing and equity. The debt round was led by Eiffel Investment Group SAS, while the equity round was led by Asia Plus Group Holdings PCL. The company plans to use the capital raised to expand to Poland and additional central European countries. Blender offers an online service that allows users to apply for loans or become lenders themselves, and it has provided approximately $150 million in loans with 250,000 registered clients. The company is currently active in Israel, Italy, and the Baltic States.
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Peer-to-Peer Lending Startup Blender Raises $16 Million in Debt Financing and Equity
Blender P2P Israel Ltd., a peer-to-peer lending startup, has raised $16 million in equity and debt financing. The funding round included participation from Eiffel Investment Group S.A.S and Blumberg Capital. The company plans to use the funds to further develop and expand its presence in the European market. Blender currently operates in Israel, Italy, and the Baltic States, and has plans to expand to Asia and Latin America. It also provides loan technologies to financial companies and banks, collaborates with sellers to offer funding for product purchases, and offers customers the option to open savings accounts through its system. Blender has raised a total of $23.5 million in financing to date and employs around 50 people.
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Blender Procures Electronic Money Institution License in EU Finance Magnates
Blender, an international consumer e-lending platform, has obtained a license to operate as a financial institution in the European Union. The license allows Blender to offer a range of banking activities, including granting loans, transferring funds, and servicing the platform to other companies. This represents a significant step for Blender in solidifying its presence in the EU and expanding internationally. The license enables lenders from around the world to invest in Blender and enjoy higher yields than most financial instruments. Blender is currently active in Italy, Israel, and the Baltic Region.
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Investment House Acquires 20% of P2P Lending Startup's Business in Israel Finance Magnates
Israeli Investment House Psagot has agreed to purchase 20% of BLenders activity in Israel. Psagot is the largest investment house in Israel and manages assets valued at $50 billion. BLender is a multinational Peer to Peer lending platform that allows lenders to sell their loan portfolios in the secondary market. The deal is seen as a strategic step towards improving the consumers financial position in Israel.
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BLender Begins International Expansion and Offers Cross-Border Peer-to-Peer Lending P2P-Banking
BLender, a p2p lending company from Israel, has announced its global expansion with new offices in Milan, Italy and Vilnius, Lithuania. The company plans to serve customers in Italy and the Baltics and aims to expand further into Africa, Latin America, and other EU countries. BLender offers a P2P lending platform with a proprietary consumer credit rating system designed for territories without credit bureaus. The company has experienced exponential growth since its launch in 2014 and has already provided approximately $12 million in loans. BLender charges borrowers a 4.5% origination fee and investors 1.5% of each repayment. The company was chosen to participate in the exclusive ELITE program of the UK Stock Exchange and was selected as one of the most promising Fin-Tech companies in the world for 2015 by KPMG.
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How to Assess Borrowers' Stability with No Credit Information Finance Magnates
Israeli peer to peer lending start-up BLender is experiencing growth in the local market. The company has received a recent investment of $7 million from a leading local investment house and has over 270 million NIS in requested loans. BLender aims to address countries with potential and lack of competition through its unique technology. The company offers a secondary market for loan portfolios and a SafeGuard fund to minimize lender risk. BLenders risk assessment methods use machine learning to profile borrowers. The advantages of peer to peer lending compared to bank loans include speed, reliability, and lower costs. BLender plans to expand to Latin America, Asia, and Africa, targeting territories with a lack of credit information or high fraud risk. The company aims to become the leading multi-continental consumer lending P2P platform.
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Psagot brokerage to buy 20 pct of BLender's Israel activity
Psagot Investment House, Israels largest brokerage, will acquire 20% of BLenders Israeli activity, allowing Psagot to enter the consumer credit market. The investment is seen as a strategic step towards improving consumers financial position.
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How A Rocket Scientist Is Fixing P2P Lending
Israeli loan platform co Blender raises $5m
Israeli startup Blender has raised $5 million in funding from Blumberg Capital. Blender operates a P2P lending platform that allows individuals and entities to lend money without banking intermediaries. Since its launch in November 2014, Blender has facilitated NIS 10 million in loans. The funding will be used to consolidate Blenders position in Israel and expand into new markets in Western Europe and Latin America. Blumberg Capital senior partner Alon Lifshitz will join Blenders board of directors.
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Blender launches peer-to-peer lending in Israel
Blender, an online lending platform, was officially launched by the Aviv family and Giora Ofer. The platform connects lenders and borrowers, offering borrowers lower interest rates than banks and lenders higher interest rates than savings plans. Nearly NIS 7 million has been invested in establishing the venture, primarily by the Aviv family. The aim of Blender is to reach a portfolio worth a few billion shekels. Giora Ofer, former CEO of Israel Discount Bank, is involved in the partnership. Bank Leumi acts as a trustee for Blenders funds, and there is potential for collaboration with a bank as an investor in the future. Blenders revenue comes from fees charged to borrowers and lenders.
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