Bloom Financial Technologies
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Bloom Financial Technologies, Inc. [1][2] is a Financial Technology company based in East Africa that offers mobile banking services to East African.
Headquartered in London, it was founded in 2021 by Ahmed Ismail, Youcef Oudjidane, Khalid Keenan, and Abdigani Diriye. Bloom is Sudan’s first Y-Combinator-backed startup.[3]
History[edit]
Bloom Financial Technologies was founded in late 2021 [4] by Ahmed Ismail, Khalid Keenan, Youcef Oudjidane, and Abdigani Diriye. In July 2021, they became the first Sudanese start-up to be accepted into Y-Combinator.
In September 2021, the company raised a pre-seed venture round from Global Founders Capital, Goodwater Capital,[5] and Blaise Matuidi, a French football star who formerly played for Juventus.[6]
In April 2022, Bloom raised $6.5 million in seed funding and in June 2022,[7] the company announced that it was accepted into the Visa Fintech Fast Track Program. [8]
Services[edit]
Bloom offers USD banking services and local currency accounts along with debit cards, and peer-to-peer payments. Blooom is one of several startups offering USD banking services to East African consumers to protect them from inflation of their home currencies [9]
Bloom’s mobile banking app helps protect African consumers hedge against inflation by offering fee-free high-APY savings accounts in USD.
References[edit]
- ↑ "Bloom". trendwatching.com. Retrieved 18 September 2022.
- ↑ "Download Bloom app". withbloom.com. Retrieved 18 September 2022.
- ↑ Kene-Okafor, Tage (8 March 2022). "Sudan's first YC-backed startup is helping consumers protect and grow their wealth". TechCrunch. Retrieved 2 June 2022.
- ↑ Dosunmu. "Sudan's first YC-backed founders want to build more than startups". Retrieved 19 April 2022.
- ↑ Kene-Okafor, Tage. "Sudan's first YC-backed startup is helping consumers protect and grow their wealth". Techcrunch. Retrieved 18 September 2022.
- ↑ Gebre. "Former Juventus Star Matuidi Bets Sudan Startup Can Ride Out Economy Chaos". Retrieved 2 June 2022.
- ↑ Kene-Okafor, Tage. "Sudanese fintech Bloom nabs $6.5M, backed by Y Combinator, GFC and Visa". Techcrunch. Retrieved 18 September 2022.
- ↑ Bloom joins Visa’s Fintech Fast Tack Programme. "Bloom joins Visa's Fintech Fast Tack Programme".
- ↑ Bolhuis, Marijn. "Africa's Inflation Among Region's Most Urgent Challenges". IMF. Retrieved 2 November 2022.
- ↑ "YC-backed Bloom helps Sudanese consumers hedge against inflation by saving in US dollars". Trend Watching. Retrieved 18 September 2022.
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