Bloom Credit Raises $10.5M in Funding
Summary
The company intends to use the funds to expand its team, technology, and go-to-market dedicated to credit data solutions. Led by CEO Christian Widhalm, Bloom Credit provides an API platform designed to optimize the infrastructure of the credit data ecosystem, including the enablement of real-time credit reporting, improvement in reporting accuracy, and expansion of the breadth of alternative consumer-permissioned data (CPD) provided to determine credit scores. It empowers its customers to launch and grow new classes of credit products by leveraging access, reporting and alternative CPD in less time it has traditionally taken, leading to the development of applications which can improve consumers’ creditworthiness. In August 2024, the company launched Bloom+ to provide credit data reporting and furnishment for consumer and small business banking use cases. Bloom Credit is a member of the American Fintech Council dedicated to promoting an inclusive and transparent financial system