Active Partners led a £40m funding round in Plend.

Active Partners, a consumer-focused investment firm, led a £40m funding round in Plend, a consumer lending platform operator, with participation from Velocity Juice, Monzo, Starling Bank, Oodle Car Finance, Ascension, Tomahawk VC, DD Venture Capital and Haatch. “This new round of funding caps off an amazing year for Plend. Since launching our first affordable credit product to consumers this year, we have been able to help so many people get access to the money they need to get on with their lives at affordable and fair rates. We are thrilled to be working with our newest investment partners to provide a truly ethical alternative to the broken credit scoring system that locks so many people out of the market, especially during these times of economic turbulence and rising interest rates,” Rob Pasco, Plend CEO and Co-founder.