BMO is pleased to announce an expanded partnership with leading digital lending platform Blend, having participated as a strategic investor in the company’s recent Series E round. The expanded relationship will further accelerate the bank’s digital strategy in North America.
“Customers are telling us that they are looking for digital-first experiences, and working with Blend gives us the opportunity to find innovative ways to bring digital solutions to customers across their banking journey,” said Brett Pitts, Chief Digital Officer, BMO Financial Group. “Strategic partners like Blend are critical enablers to helping us accelerate and grow our digital strategy and, together, we will build leading customer experiences.”
“BMO has been an excellent partner as we work to transform the banking experience and help our clients deepen relationships with their customers,” said Tim Mayopoulos, President, Blend. “We look forward to continuing our work together to find innovative digital solutions that empower people to take ownership of their financial lives and reach their goals.”
BMO is currently working with Blend to deliver digital mortgage and home equity experiences to customers in the U.S. As part of this partnership, the bank will continue exploring opportunities to digitize and accelerate more parts of the banking journey for customers in both Canada and the U.S.