Plend is on a mission to provide more people with the affordable, transformative loans they deserve.

The company offers accessible lending options for individuals with thin, non-existent, or impaired credit histories.

Plend provides consumer loans ranging from £3,000 to £20,000 over terms of up to five years. In 2022, Plend raised £40 million in seed funding to support its growth, attracting new investors such as Active Partners, Nationwide Building Society, and the founders of Monzo, Starling Bank, and Oodle Car Finance.

Additionally, it offers a not-for-profit scheme focused on providing affordable, interest-free credit to individuals traditionally excluded from such access. This scheme offers loans between £500 and £2,000 with 0% interest.

Its proprietary PLEND Score uses open banking technology to look beyond traditional credit histories, providing a more accurate picture of a person’s financial position and delivering a personalised loan application process.

Plend is also the first consumer lender in the UK to gain Pending B Corp status, recognising its high standards of social and environmental performance, transparency, and accountability.

Owain Chambers, Account Director of Capital Markets at Lenvi said of the partnership: “At Lenvi, we know from our own Consumer Borrowing Research that many consumers feel underserved in lending, and a one-size-fits-all approach leaves many denied access to finance.

“We share in Plend’s passion for greater financial inclusion and look forward to supporting Plend in their future goals to create a fairer lending environment in the UK, improving the lives of many consumers.”

Robert Pasco, CEO & Founder of Plend said: “Lenvi's unparalleled expertise in credit servicing will enable Plend to offer more nuanced and efficient services to our customers. Their proven track record of innovation and customer satisfaction aligns perfectly with Plend's mission to provide fair, transparent, and accessible financial products. This partnership represents a significant leap towards our vision of a world where financial well-being is a reality for everyone, not just a privilege for a few.”