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BloomCredit
Helps businesses launch credit products
- 21-100 employees
- Fintech
- Credit Scoring
- B2B
- Compliance
- Lending
- Financial Services
- SaaS
- API
- NoMad, New York, NY
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Company mission
Bloom is on a mission to improve and transform the financial industry. They want to bolster institutions' desire to innovate and create products that help more people live out their dreams while infusing the decades-old industry with modernization and human-centric thinking.
Our take
Bloom Credit is an API platform that integrates fintechs that offer credit products with the country’s three credit bureaus. It aims to solve the problem of ‘credit invisibility’ in the U.S., where approximately 26 million Americans find it difficult to get a credit card or loan due to having little or no credit history.
By focusing on the access to consumer data and allowing clients to report back consumer activity to the three major credit bureaus, it helps eradicates the errors that are also found in credit reporting; a recent study by Consumer Reports revealed that over 34% of consumers had inaccurate credit reports. Bloom's focus on accurate data is what makes it so appealing for clients, and its users already include Augie, Ava, and Purpose Financial.
Going forward, Bloom will continue to face challenges as it is operating in a sector of high legislation and is integrating with old bureau infrastructure that is too problematic to be reinvented. However, funding has allowed the company to support its plans to increase its leadership team and operational workforce. An example of this is Bloom's recent hire of Mike Esler as CTO to help develop its enterprise grade platform.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Unlimited paid time off and paid holidays
- Paid training and learning materials
- Work/life harmony (i.e. flexible hours and fully remote culture)
- Health, dental and vision benefits, pre-tax benefits like transit passes and FSA for you and your family / dependents
- 401(k)
- Work from home opportunities
- Health insurance
- Meaningful ownership in the company
- Home office stipend
Company values
- We make and honor the right commitments
- We collaborate with purpose
- We value simplicity
- We push the limit
Leadership
Matt Harris
(Board Member)Has worked twice as a Consultant, at Boom Fantasy and at Emissary. Has worked multiple times as an Advisor, at: Skylight; CreditIQ; and Jasper. He is currently an Investor in Alpha Flow, Karat Financial, and TrueAccord.