Salesforce-backed lending software producer Blend has raised more than $685m in funding and hit a $3.3bn valuation in its last funding round five months ago.

Blend Labs, the US-headquartered lending software provider valued at $3.3bn as of January this year, filed for an initial public offering yesterday that will give enterprise software provider Salesforce opportunity to exit. The company has selected the New York Stock Exchange for the offering and has set a placeholder target of $100m. Founded in 2012,…

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