Blend Labs (BLND) Boosts Business with 23 New Deals in Q2

Blend Labs, Inc. (NYSE:BLND) is one of the 14 Best Technology Penny Stocks to Buy According to Analysts. On August 7, Blend Labs, Inc. (NYSE:BLND) shared its second quarter 2025 financial results and reported that it reached a record high for its remaining performance obligations (RPO), with a balance of $190.4 million at the end of the quarter.

The company saw strong sales growth in the second quarter. Blend Labs, Inc. (NYSE:BLND) secured 23 new and expanded deals, which is twice as many as in the first quarter.

Blend Labs (BLND) Boosts Business with 23 New Deals in Q2

A finance professional at their computer logging into the company’s branded digital banking platform.

This growth came from both gaining new customers and deep product expansions with existing customers. Out of these 23 deals, 3 included new independent mortgage banks. This shows that Blend Labs, Inc.’s (NYSE:BLND) focus on this customer channel is starting to pay off.

Blend Labs, Inc. (NYSE:BLND) offers digital banking solutions through its cloud origination platform for banks, credit unions, and mortgage lenders.

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Disclosure: None. This article is originally published at Insider Monkey.