What does Blooms do?
Blooms is a fintech company based in Wilmington, DE that focuses on AI-driven trade finance, payments, and FX solutions tailored for Latin American produce exporters serving the US and Canadian markets.
How much did they raise?
The company raised $2.6M in Seed funding, with SP Ventures leading the round and participation from Angel Ventures, The Yield Lab Latam, Eqwow Ventures, Glocal Managers, and Mercy Corps Ventures.
What are their plans for the money?
Blooms intends to use the funds to expand its operations and development efforts, which could significantly enhance access to working capital and simplify cross-border transactions for its clients.
What have they achieved so far?
Led by CEO Francisco Meré, Blooms has already made strides in revolutionizing trade finance by leveraging AI to provide fast and tailored financial solutions for Latin American exporters.
