Blender Procures Electronic Money Institution License in EU

[kreslik.news]

Blender, an international consumer e-lending platform, has garnered a new license to operate as a financial institution in the European Union – the license recognizes Blender as an E-Money Institution, which includes a range of banking activities for the group, per a company statement.

In particular, Blender can now grant loans, transfer funds between customers and service the platform to other companies. Moreover, the licensing agreement also allows for the execution of most banking activities, except leveraging deposits.

The license represents a significant stroke for Blender as it looks to solidify its presence in the EU. The group will now be able to offer ... (read more)