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Israel-based consumer lending startup Blender P2P Israel Ltd. is heading for an IPO on the Tel Aviv Stock Exchange, aiming to raise NIS 70 million (approximately $22 million) at a valuation of NIS 280 million ($88 million). Institutions will already be able to purchase shares on Tuesday ahead of the eventual public offering.
The money will be used in order to expand the company’s activity, with a focus on receiving a license to run a digital bank in Europe and setting up a loans platform together with Israel’s biggest bank, Bank Hapoalim.