Srini Venkatramani Joins Blend As Head of Product, Technology, and Customer Operations
Blend Labs (NYSE: BLND) has appointed Srini Venkatramani as Head of Product, Technology, and Customer Operations. With 23 years of experience in scaling SaaS businesses, Srini will lead the company's product vision, technology strategy, and operational excellence. He previously served as Chief Product and Technology Officer at PlanSource and held senior executive positions at IBM.
The appointment comes amid significant company developments, including 50% year-over-year revenue growth in Consumer Banking during Q3 2024 and new multi-year deals in mortgage and consumer banking. The company recently secured a $150 million investment from Haveli Investments to advance innovation and value delivery. Erik Wrobel, the current product leader, will depart at year-end after five years with Blend.
Blend Labs (NYSE: BLND) ha nominato Srini Venkatramani come Responsabile del Prodotto, della Tecnologia e delle Operazioni Clienti. Con 23 anni di esperienza nella scalabilità di aziende SaaS, Srini guiderà la visione del prodotto, la strategia tecnologica e l'eccellenza operativa dell'azienda. In precedenza, ha ricoperto il ruolo di Chief Product and Technology Officer presso PlanSource e ha ricoperto posizioni dirigenziali senior in IBM.
La nomina arriva in un momento di significativi sviluppi per l'azienda, incluso un aumento del 50% del fatturato anno su anno nel settore della Banca al Consumo durante il terzo trimestre del 2024 e nuovi contratti pluriennali nel settore dei mutui e della banca al consumo. Recentemente, l'azienda ha ottenuto un investimento di 150 milioni di dollari da Haveli Investments per promuovere l'innovazione e la consegna di valore. Erik Wrobel, l'attuale leader del prodotto, lascerà a fine anno dopo cinque anni con Blend.
Blend Labs (NYSE: BLND) ha nombrado a Srini Venkatramani como Jefe de Producto, Tecnología y Operaciones de Clientes. Con 23 años de experiencia en la escalabilidad de negocios SaaS, Srini liderará la visión del producto, la estrategia tecnológica y la excelencia operativa de la empresa. Anteriormente, se desempeñó como Director de Producto y Tecnología en PlanSource y ocupó puestos ejecutivos senior en IBM.
El nombramiento se produce en medio de desarrollos significativos en la empresa, incluyendo un crecimiento del 50% en los ingresos interanuales en Banca de Consumo durante el tercer trimestre de 2024 y nuevos acuerdos multianuales en la hipoteca y banca de consumo. La empresa recientemente aseguró una inversión de 150 millones de dólares de Haveli Investments para avanzar en la innovación y entrega de valor. Erik Wrobel, el actual líder de producto, se despedirá a finales de año después de cinco años con Blend.
Blend Labs (NYSE: BLND)는 Srini Venkatramani를 제품, 기술 및 고객 운영 책임자로 임명했습니다. SaaS 비즈니스를 확장하는 데 23년의 경험을 가진 Srini는 회사의 제품 비전, 기술 전략 및 운영 우수성을 이끌게 됩니다. 그는 이전에 PlanSource에서 최고 제품 및 기술 책임자로 재직했으며 IBM에서 고위 임원직을 역임했습니다.
이번 임명은 2024년 3분기 소비자 뱅킹 부문에서 전년 대비 50%의 수익 성장을 포함한 중요한 회사 발전과 함께 이루어졌으며, 모기지 및 소비자 뱅킹 분야에서 새로운 다년 계약을 체결했습니다. 최근 회사는 혁신과 가치 제공을 촉진하기 위해 Haveli Investments로부터 1억 5천만 달러의 투자를 확보했습니다. 현재 제품 책임자인 Erik Wrobel은 Blend에서 5년을 보낸 후 연말에 퇴사할 예정입니다.
Blend Labs (NYSE: BLND) a nommé Srini Venkatramani au poste de Responsable des Produits, de la Technologie et des Opérations Client. Fort de 23 ans d'expérience dans la mise à l'échelle des entreprises SaaS, Srini dirigera la vision des produits, la stratégie technologique et l'excellence opérationnelle de la société. Auparavant, il a été Chief Product and Technology Officer chez PlanSource et a occupé des postes de direction chez IBM.
Cette nomination intervient dans un contexte de développements significatifs pour l’entreprise, notamment une croissance annuelle de 50% des revenus dans le secteur de la banque de consommation au cours du troisième trimestre 2024 et de nouveaux contrats pluriannuels dans le secteur des hypothèques et de la banque de consommation. Récemment, l'entreprise a sécurisé un investissement de 150 millions de dollars de Haveli Investments pour faire progresser l'innovation et la création de valeur. Erik Wrobel, l'actuel responsable des produits, quittera à la fin de l'année après cinq ans chez Blend.
Blend Labs (NYSE: BLND) hat Srini Venkatramani zum Leiter für Produkt, Technologie und Kundenbetrieb ernannt. Mit 23 Jahren Erfahrung im Skalieren von SaaS-Unternehmen wird Srini die Produktvision, die Technologie-Strategie und die operationale Exzellenz des Unternehmens leiten. Zuvor war er Chief Product and Technology Officer bei PlanSource und hatte leitende Positionen bei IBM inne.
Die Ernennung erfolgt inmitten bedeutender Unternehmensentwicklungen, darunter ein 50%iges Umsatzwachstum im Vergleich zum Vorjahr im Bereich Consumer Banking im dritten Quartal 2024 sowie neue Mehrjahresverträge im Hypotheken- und Verbraucherkreditgeschäft. Das Unternehmen sicherte sich kürzlich eine Investition in Höhe von 150 Millionen Dollar von Haveli Investments, um Innovation und Wertschöpfung voranzutreiben. Erik Wrobel, der aktuelle Produktverantwortliche, wird das Unternehmen nach fünf Jahren zum Jahresende verlassen.
- 50% year-over-year revenue growth in Consumer Banking segment in Q3 2024
- Secured $150 million strategic investment from Haveli Investments
- Signed new multi-year deals in mortgage and consumer banking segments
- Departure of current product leader Erik Wrobel
Insights
This management change, while notable, is unlikely to have immediate material impact on Blend's operations or stock performance. However, Venkatramani's appointment comes at a important time, with Blend showing strong momentum in Q3 2024 with
The transition appears well-planned, with Erik Wrobel remaining until year-end to ensure smooth handover. Venkatramani's focus on product innovation and operational efficiency aligns with Blend's need to improve its market position in digital banking solutions while managing costs effectively. The combination of new leadership and recent strategic investment positions Blend for potential growth, though execution will be key in a competitive fintech landscape.
Seasoned executive to propel Blend’s next phase of product innovation and growth
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
“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
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.
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Press Contact
Chloé Demeunynck
Corporate Communications
press@blend.com
Source: Blend
FAQ
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