WALLESS Assisted BLender in Raising a Total of USD 22 Million

2019 07 24

WALLESS Partner Gediminas Rečiūnas and Associate Enrika Tamašauskaitė provided legal support to BLender while raising a total of $22 million in debt financing and equity.

BLender is a consumer lending startup that provides individuals and businesses with a digital platform to receive and issue loans.

The company plans to use the capital raised to facilitate expansion in Poland and the CEE. Currently, the Israel-based company operates in its home market, Lithuania and Italy.

The debt round was led by Eiffel Investment Group SAS, and the equity round – by Asia Plus Group Holdings PCL, with the participation of Blumberg Capital and the Aviv Group.

WALLESS team celebrates BLender’s success and is looking forward to the startup’s further expansion in Europe and beyond.