News & Insights
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By Jeff Patterson
Blender, an international consumer e-lending platform, has garnered a new license to operate as a financial institute in the European Union – the recognition helps enable Blender as an E-Money Institution, which includes a range of banking activities for the group, per a company statement.
In particular, Blender’s new license also allows the company to operate as a financial institute, receiving deposits, granting loans, transferring funds between customers and servicing the platform to other companies. Moreover, the licensing agreement also allows for the execution of most banking activities except leveraging deposits.