Seasoned executive to propel Blend’s next phase of product innovation and growth

Blend Labs, Inc. (NYSE: BLND), a leading platform for digital banking solutions, today announced the appointment of Srini Venkatramani as Head of Product, Technology, and Customer Operations. Srini’s leadership will be instrumental in accelerating Blend’s next phase of growth in the digital banking space.

With over 23 years of experience, Srini joins Blend with a proven track record of scaling SaaS businesses, driving product innovation, and delivering accelerated value creation for stakeholders. In his role as Head of Product, Technology, and Customer Operations, he will orchestrate the company's product vision, technology strategy, and operational excellence to ensure exceptional customer outcomes.

“I’m excited to join Blend and support its mission to bring simplicity and transparency to digital banking,” said Srini Venkatramani. “Blend’s culture is obsessively customer-centric, and it clearly radiates through the team’s passion for building impactful technology. I look forward to contributing my expertise and taking Blend into its next phase of growth as the industry’s most digitally-robust, efficient, and powerful origination platform.”

Srini draws on experience gained from working on three continents, where he has led product, engineering, and customer operations in organizations of various sizes, ranging from $35 million to $80 billion in annual revenue. Most recently, Srini spent five years as Chief Product and Technology Officer at PlanSource, where he spearheaded the development and execution of a multi-year product and operational strategy. Prior to that, Srini was a senior executive at IBM, where he was responsible for overall strategy, P&L management, and cross-functional leadership for the Publishing & Information services industry.

“I’m delighted to welcome Srini to Blend’s executive team,” said Nima Ghamsari, Co-Founder and Head of Blend. “With his leadership experience in product and technology and a track record of driving value creation for SaaS businesses, Srini will be invaluable as we continue our evolution into a platform-first company. With his expertise, we’ll be well-positioned to help our customers leverage Blend’s technology to unlock new opportunities and deliver even greater ROI.”

Ghamsari added, “I’m also grateful to Erik Wrobel for his outstanding product leadership over the past five years. He has had a remarkable career here at Blend, and we wish him the best in his next chapter.” Erik will depart Blend at the end of this year.

In the third quarter of 2024, Blend signed multi-year deals with new customers in both mortgage and consumer banking and accomplished significant milestones for the business, including a 50% year-over-year revenue growth in its Consumer Banking business. Earlier this year, Blend also announced a new strategic partnership with Haveli Investments that included a $150 million investment to advance the company’s goal of driving innovation and delivering lasting value for its customers and shareholders.

About Blend

Blend Labs Inc., (NYSE: BLND) is a leading origination platform for digital banking solutions. Financial providers— from large banks, fintechs, and credit unions to community and independent mortgage banks—use Blend’s platform to transform banking experiences for their customers. To learn more, visit blend.com.

Forward-Looking Disclaimer

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements generally relate to future events, future performance or expectations and involve substantial risks and uncertainties. Forward-looking statements in this press release may include, but are not limited to, quotations of management; our expectations regarding our product roadmap, future products/features, the timing of new product/feature introductions, market size and growth opportunities, macroeconomics and industry conditions, capital expenditures, plans for future operations, competitive position, technological capabilities and strategic relationships, as well as assumptions relating to the foregoing. The forward-looking statements contained in this press release are subject to risks and uncertainties that could cause actual outcomes to differ materially from the outcomes predicted. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these terms or other comparable terminology that concern Blend’s expectations, strategy, plans or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which such performance or results will be achieved, if at all. Further information on these risks and uncertainties are set forth in our filings with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Blend and assumptions and beliefs as of the date hereof. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. Except as required by law, Blend does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

Press Contact Chloé Demeunynck Corporate Communications press@blend.com

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