Bloom Credit

Bloom Credit is a fintech company founded in 2016, specializing in B2B credit data infrastructure and consumer-permissioned reporting tools.

Headquartered in both Chicago and New York, Bloom Credit helps banks, credit unions, and fintechs access alternative payment signals to create more inclusive credit products. Its flagship product, Bloom+, allows financial institutions to report consumers' recurring payments, such as rent and utilities, to major credit bureaus. This service is particularly beneficial for subprime and "thin-file" consumers, enabling them to build credit histories without traditional debt. The company operates as a developer-friendly API platform, providing access to credit reports from all three major credit bureaus and offering tools for secure data transmission in compliance with regulations. Bloom Credit serves a diverse clientele, including major partners like Navy Federal Credit Union and Suncoast Credit Union, as well as various fintech companies and lenders. By modernizing credit reporting infrastructure, Bloom Credit aims to improve access to affordable credit and support underserved borrowers in achieving better financial health.