Start-up lender Bloom raises $378 million in Series A

By Elise Hansen (May 26, 2022, 8:26 p.m. EDT) — Bloom, which provides funding for digital startups, said on Thursday it had raised its own seed capital in a massive £300 million Series A round sterling ($378 million).

Bloom Group SA said the funds would help it become one of Europe’s leading financiers for digital entrepreneurs. Bloom focuses on income-based lending, but says it’s offering new options like charging customers only for the funds they use. Bloom says its offerings offer the flexibility of revolving credit but the predictability of fixed-fee and revenue-based loans.

Bloom’s customers include online merchants and e-commerce businesses, including those with recurring revenue models such as software as…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!


Comments are closed.