Blend Finance was incorporated in Mumbai, India in December 1997 and is today a well-respected name in the financial world. As we enter our 25th year, we are glad that our dedication has positively impacted lives and brought smiles across the globe.
Seven years after incorporation, in 2004, the company opened its first domestic branch in Ahmedabad, India. Thereafter, Blend spread its wings abroad, incorporating its first overseas subsidiary in Dubai – Blend Management Services FZCO.
Meanwhile, big business had already come calling. In August 2009, the company concluded working capital arrangement for a client at Rs. 440 crores (~ USD 90 million). That same year, India Factoring & Finance Solutions Private Limited was promoted in a Joint Venture with PNB and FIM Bank. Blend closed out 2009 with the setting up of its own registered and corporate office in Mumbai.
In December 2012, an assignment for setting up of the factoring platform for an East African Bank was successfully completed. Within a few months, its Singapore subsidiary – Blend Fincap Pte. Ltd. was incorporated. This was followed by the launching of its Kenya Subsidiary – Blend Kenya Ltd, in March 2014
With the focus on Africa intensifying, the company successfully submitted the report on Development and Implementation of Factoring in Africa as required by a Multilateral DFI in Africa early in 2017 A few months later, Blend placed its pin on the US map with the incorporation of Blend US LLC. In September 2019, the company concluded a prestigious Project Finance Deal for a West African Government.
By the dawn of the third decade of the new millennium, Blend was solidly established as a powerful player in global management and financial consultancy. To expand the reach of its business, the company launched two new divisions in May 2020 – Sustainable and Impact Division and Africa Specialty Finance.
Stepping into our 25th year, we are extremely proud of the many gigantic social visions that we’ve helped turn into reality, by building financial bridges across the continents.
