Digital lending platform Blend has raised $130 million in Series E funding, led by Temasek and General Atlantic.

Existing investors 8VC, Founders Fund, Greylock Partners, and Lightspeed Venture Partners also participated in the round, which brings the company's total funding to $310 million.

With the new capital, Blend intends to continue growing its team of nearly 400 employees, invest in new technologies, grow its ecosystem of partners, and expand into a broader suite of consumer lending products.

The financing comes at a time of momentum for the business, which now processes nearly $2 billion in loans every day, in partnership with more than 150 lender customers. It recently announced product expansions into deposit account opening, home equity and homeowners insurance, along with additions to its executive team, including former Fannie Mae chief executive Tim Mayopoulos.

Blend has also named former Pixar chief financial officer Ann Mather to an independent board member position.

"Together with our partners, we've made significant strides in transforming lending experiences for consumers and institutions across the country," said Nima Ghamsari, founder and chief executive at Blend.

"As we build toward a more transparent and frictionless future where lending transactions happen in one tap, we're grateful to have the experience of Ann, along with the teams at Temasek and General Atlantic, in our corner for this journey."

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