What does Bloom Credit do?
Bloom Credit offers an API platform that optimizes the credit data ecosystem through real-time credit reporting, improved accuracy, and a broader range of alternative consumer-permissioned data, enabling its customers to launch and grow innovative credit products.
How much did they raise?
The company raised $10.5M in a funding round led by Crosslink Capital with participation from Allegis Capital, CT Innovations, and Commerce Ventures.
What are their plans for the money?
With the new funds, Bloom Credit plans to expand its team, enhance its technology, and strengthen its go-to-market strategies, with the goal of accelerating the development of applications that can improve consumer creditworthiness.
What have they achieved so far?
In August 2024, Bloom Credit launched Bloom+, a service designed to provide credit data reporting for consumer and small business banking, underscoring its commitment to innovation in the credit data space.
