Blend Labs Inc. (NYSE:BLND) is one of the best debt-free penny stocks to buy right now. On January 6, Matt Thomson joined Blend Labs Inc. (NYSE:BLND) as head of revenue. He joins the company with over 25 years of experience in fintech sales leadership.
Thomson is tasked with blending the company’s sales organization and revenue strategy. He will also position the company to expand its presence across financial institutions, having added new customers and expanded existing client relationships in the third quarter. The Blend Labs pipeline is also up by 60%
“Financial institutions are looking for partners who can help them compete digitally while maintaining the relationships that define their brands. That’s exactly what Blend delivers, and I’m looking forward to helping more institutions discover what’s possible with the right technology partner,” Thomson said
At the Wells Fargo 9th Annual TMT Summit, the company reiterated its plans to integrate AI into its platform to speed up and improve mortgage processing. The renewed focus comes on moving from non-core businesses, such as income verification, to offering software solutions.
Blend Labs, Inc. (NYSE:BLND) is a cloud-based digital platform for financial institutions that streamlines the entire consumer lending and account-opening process, from mortgages and home equity to personal loans and deposit accounts.
While we acknowledge the potential of BLND as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
