Blend Expands Product Suite with Business Deposit Account Opening
One unified platform for business and consumer onboarding—helping financial institutions deepen relationships, grow deposits, and simplify operations.
May 7, 2025 09:00 AM PST
San Francisco, CA (BusinessWire): Blend Labs, Inc. (NYSE: BLND), a leading origination platform for digital banking solutions, today announced the launch of its Business Deposit Account Opening solution, now available as part of Blend’s unified Consumer Banking Suite.
With this addition, financial institutions can now serve both consumers and businesses through a single, omnichannel platform that also supports personal loans, credit cards, auto loans, and home lending — helping financial institutions streamline operations, strengthen customer loyalty, and accelerate deposit and lending growth.
“Whether serving consumers or businesses, the best experiences are simple, fast, and connected—across every channel," said Srini Venkatramani, Head of Product and Technology at Blend. "With Blend’s unified platform, financial institutions can deliver seamless, digital-first onboarding that deepens relationships from the very first interaction."
Drive Business & Consumer Deposit Growth with One Platform
Today, many financial institutions rely on multiple, disconnected systems to support deposits, personal loans, credit cards, auto loans, and home lending—creating fragmented experiences for consumer and business customers, along with operational inefficiencies for internal teams.
Blend’s Business Deposit Account Opening solution helps solve this challenge—bringing consumer and business deposit onboarding together within a single, unified platform. The solution supports all business types and structures—including sole proprietors, LLCs, partnerships, corporations, and nonprofits––and is designed to meet the unique needs of small businesses seeking fast, frictionless access to banking.
With pre-filled applications, co-owner application invites, built-in Know-Your-Business and compliance checks, and omnichannel support, Blend removes onboarding friction and enables real-time collaboration between applicants and bankers. Financial institutions can deliver seamless, modern experiences across digital, branch, and contact center channels.
Key benefits of Blend Deposit Accounts include:
- Simplify onboarding across products — Use one platform to onboard business and consumer deposits, auto loans, credit cards, and auto loans—creating a consistent experience for both customers and staff.
- Deliver deeper customer engagement — Strengthen relationships with a unified view of customer needs and more opportunities to cross-sell relevant banking products.
- Boost banker productivity — Empower teams with automation and integrated tools to deliver a seamless experience across digital, branch, and phone channels—freeing them to focus on customer relationships, not data entry.
“This new solution demonstrates Blend’s commitment to ongoing innovation,” Venkatramani added. “We continue to partner alongside some of the biggest bank brands in the country to co-create the future of banking.”
For information on Blend’s Business Deposit Account Opening, visit blend.com/deposit-accounts.
About Blend
Blend Labs Inc., (NYSE: BLND) is a leading origination platform for digital banking solutions. Financial providers—from large banks, fintechs, and credit unions to community and independent mortgage banks—use Blend’s platform to transform banking experiences for their customers. Better banking starts on Blend. To learn more, visit blend.com.
Press Contact
Chloé Demeunynck
Corporate Communications
press@blend.com
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