Bloom

Bloom

Investing app that teaches the next generation how to build wealth. Learn more
  • Edit
DateInvestorsAmountRound
-

N/A

-
N/A

N/A

-
*

$4.4m

Seed
*

N/A

Seed
Total Funding$4.4m

Recent News about Bloom

Edit
More about Bloominfo icon
Edit

Bloom is a financial technology startup that operates in the investment sector, specifically targeting teenagers under 18. The company's primary offering is a stock investing app that aims to educate and empower the younger generation to take control of their financial futures. The app provides a platform for teens to start investing early, thereby promoting the growth of their wealth over time.

Bloom's business model is centered around financial literacy and social good. The company collaborates with nonprofits and student-led organizations to spread financial knowledge and foster the development of future finance leaders. This unique approach not only helps Bloom to differentiate itself in the crowded fintech market but also contributes to its social impact mission.

The company's revenue is likely generated through investment advisory services, which are exclusively available to residents of the United States. Bloom's clients' assets are cleared and executed by Alpaca Securities LLC, which also serves as a qualified custodian. It's important to note that the money invested through Bloom is SIPC insured up to $500,000, providing an additional layer of security for its users.

In summary, Bloom is a socially conscious fintech startup that leverages technology to democratize access to investing for teenagers. Its focus on financial literacy and early investment sets it apart in the market, positioning it as a forward-thinking player in the investment sector.

Keywords: Fintech, Stock Investing, Teenagers, Financial Literacy, Social Impact, Investment Advisory Services, United States, SIPC Insured, Early Investment, Nonprofits.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.