Bloom Credit, a U.S.-based API platform company that helps businesses integrate with credit bureaus for access to scores, monitoring, and furnishment products, today announced it has raised $13 million through its latest investment round, which was led by Allegis NL, with participation from Resolute Ventures, Slow Ventures, and Commerce Ventures, Sheel Mohnot and Jake Gibson, Acorns Founder Jeff Cruttenden, Marqeta Founder Jason Gardner, Vice Chair of Personal Capital Mark Goines, Former President of Prosper, Ron Suber.
Founded in 2018, Bloom Credit provides all bureau and score related products through a single, easy-to-use API that integrates with all three credit bureaus, helping grow a new class of credit products and services in a fraction of the time it has traditionally taken.
“Before Bloom Credit, developers did not have unified access to request or submit credit bureau data in a way that enables important applications which can improve consumers’ creditworthiness. Now, technology and fintech businesses alike are able to leverage Bloom Credit’s API to streamline launching these use cases.”
Speaking about the investment round, Matt Harris, Co-Founder and CEO of Bloom Credit, stated:
“It took years for Apple and Chime to launch their credit products, and very few companies can afford the time and money needed to set up all parts of a lending program. Today’s investment in Bloom Credit will go to accelerating the growth of our team to support demand for our products.”
Erin Allard, Bloom Credit COO, added:
“Navigating the landscape of leveraging credit data can be challenging for both new entrants and existing incumbents–something I’ve personally experienced in the past. I am thrilled to partner with Matt, the team, and our investors at this exciting time in our journey to define and build Bloom Credit’s next chapter.”