Bloom Impact
Fintech platform that is digitizing access to financial services for emerging market MSMEs Currently operating in Sub-Saharan Africa.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Seed | ||
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 52 % | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Established in 2015 by Carol Realini and Laure Leker, Bloom Impact emerged to address the significant financing gap faced by small and medium-sized enterprises (SMEs) in emerging markets. Both founders brought extensive and relevant experience to the venture; Realini previously founded and led Obopay, a pioneering mobile payments company, and has a background in financial technology, while Leker has a history in international development, microfinance, and mobile technology, including work with the GSMA. Their combined expertise in financial inclusion and mobile-first solutions shaped the company's core mission.
Bloom Impact operates as a digital marketplace, designed to connect SME owners in markets like Ghana with a variety of financial service providers. The platform simplifies the traditionally cumbersome process of securing financial products, allowing entrepreneurs to find and apply for loans, savings accounts, and other services directly from their smartphones. This model effectively reduces the time and cost barriers for small businesses, which are often underserved by traditional banking institutions. The company's revenue is generated by charging a fee to the financial institutions for the qualified and pre-vetted customer leads delivered through the platform.
The service digitizes the entire loan application and vetting process, making it more efficient for both the borrower and the lender. By aggregating multiple offers from different financial institutions, Bloom Impact provides transparency and choice to business owners, empowering them to select the most suitable financial products for their needs. The platform's value proposition lies in its ability to create a more inclusive financial ecosystem, fostering economic growth and employment by supporting the SME sector. The company has received recognition for its approach, securing venture capital funding and winning several awards within the inclusive fintech space. Keywords: financial inclusion, SME financing, digital marketplace, fintech, emerging markets, mobile lending, microfinance, financial services, Ghana, entrepreneurship