Bloom Credit’s cover photo
Bloom Credit

Bloom Credit

Financial Services

Chicago, Illinois 2,919 followers

Launch valuable credit products with Bloom's API

About us

Bloom Credit helps companies launch lending products, report consumers' payments, and create innovative credit experiences. We do this by providing our clients with the data they need from all three credit bureaus, the expertise they are looking for to launch seamlessly, and the proprietary analytics to supplement credit insights - all delivered through Bloom’s developer-friendly API.

Website
http://www.bloomcredit.io
Industry
Financial Services
Company size
11-50 employees
Headquarters
Chicago, Illinois
Type
Privately Held

Products

Locations

Employees at Bloom Credit

Updates

  • Ron Shevlin, co-author of our recent credit-building report with Cornerstone Advisors, shares insights on monetizing faster payments- a topic that connects directly to our research on consumer-permissioned data. Financial institutions need to shift from leading with technology to solving real business problems. The same principle applies to credit building: consumers don't want another feature, they want solutions that improve their financial health. Worth a read if you're thinking about how to create revenue from new payment rails and customer data capabilities>> https://lnkd.in/gVJjbxD8

    𝗝𝘂𝘀𝘁 𝟭𝟭% 𝗼𝗳 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 𝗲𝘅𝗽𝗲𝗰𝘁 𝘁𝗼 𝗺𝗼𝗻𝗲𝘁𝗶𝘇𝗲 𝗕𝟮𝗕 𝗶𝗻𝘀𝘁𝗮𝗻𝘁 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝟯 𝘆𝗲𝗮𝗿𝘀, 𝗮𝗻𝗱 𝗮 𝗺𝗲𝗿𝗲 𝟲% 𝗲𝘅𝗽𝗲𝗰𝘁 𝘁𝗼 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗲 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗳𝗿𝗼𝗺 𝗿𝗲𝘁𝗮𝗶𝗹 𝗳𝗮𝘀𝘁𝗲𝗿 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀. 𝗧𝗵𝗲𝘆'𝗿𝗲 𝗺𝗶𝘀𝘀𝗶𝗻𝗴 𝘀𝗼𝗺𝗲 𝗯𝗶𝗴 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀. Cornerstone Advisors just published a report titled 𝙈𝙤𝙣𝙚𝙩𝙞𝙯𝙞𝙣𝙜 𝙁𝙖𝙨𝙩𝙚𝙧 𝙋𝙖𝙮𝙢𝙚𝙣𝙩𝙨 designed to dispel FIs' beliefs that instant payments won't be a profit center. Most banks have framed faster payments as a simple enhancement to existing systems—faster ACH, instant wire, or real-time settlement. But businesses—especially small and mid-sized ones—aren’t clamoring for faster money movement. What they want are solutions to long-standing operational inefficiencies like late payments, manual reconciliation, fragmented payroll processes, and outdated disbursement systems. Instant payments can address these problems if banks reframe their offerings. Rather than leading with speed, banks should build and market faster payments as embedded solutions within specific workflows. Monetize the business pain point, not the rail. The report describes instant payment monetization opportunities including: ▶️ QR code-enabled instant bill payments ▶️ Payroll and workforce disbursements ▶️ B2B instant payments ▶️ Treasury and liquidity management By themselves, real-time rails aren’t monetizable. The value lies in the products and services built on top of them. That requires a mindset shift from technical enablement to business enablement. Check the comments for a link to the report (free as always, unlike some other analyst firms who keep their content behind cost-prohibitive firewalls). Peter Davey Peter Tapling Carlos Netto Sarah Hoisington David True Erin McCune

  • We've been named a finalist for the Money Awards 2025! 🏆 Honored to be recognized among the world's top fintech innovators by Money20/20. Check out the full list of finalists: https://lnkd.in/dhu6D_8w Are you heading to Las Vegas for Money 20/20? We're scheduling meetings throughout the conference to give attendees 'sneak peeks' into how Bloom Credit can help provide the infrastructure to transform the financial ecosystem with fairer, faster, smarter credit. Let's meet up!

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  • Are you attending Jack Henry Connect 2025 next week in San Diego? We'd love to connect with you! Stop by Booth 1522 on Tuesday and Wednesday to discover how Bloom Credit is transforming credit data solutions for financial institutions. Learn about our API platform and see how Bloom+ helps credit unions and banks turn member checking accounts into powerful credit-building tools. Our team will be on-site and ready to discuss: ✅ Streamlined credit data access and bureau reporting ✅ How Bloom+ drives deposit growth and member retention ✅ Helping members build credit without debt using rent and utility payments ✅ Accelerating your product development timeline Christian Widhalm, Christa Degnan, Ryan Swift, and Kevin Angeles will be meeting with partners and prospects throughout the conference. Ready to see how we can help you go to market faster? Reach out today to schedule time at the conference or stop by booth 1522 during the conference. See you in San Diego! ☀️  #JHConnect 

  • 🌟 We’re excited to share that Bloom Credit has been named a finalist in the Product Innovation Credit/Debit/Payment Solutions category for the Credit Union Times 2025 Luminaries Awards! 🌟 The honor is the result of the launch of Bloom+, Bloom Credit's revolutionary new service that enables Credit Union members to build credit without debt by reporting recurring payments for utilities, rent and telco expenses to the credit bureaus. We're also excited to announce that our CEO, Christian Widhalm, has been named a finalist in the Executive Leadership Technology Vendor category. This recognition highlights the work we’re doing to help financial institutions improve member financial health and drive long-term impact. A big thank-you to our partners and clients who inspire this work every day. 👏 Congratulations to all of this year’s Luminaries who are leading innovation and positive change across the credit union industry. See the full list of 2025 finalists here 🔗 : https://lnkd.in/gZr2cdgZ We look forward to joining our peers and celebrating at the 4th Annual Credit Union Times Luminaries Awards Dinner, happening November 6, 2025 in Orlando, FL: https://lnkd.in/gTKAcKHF

    View profile for Christian Widhalm

    CEO at Bloom Credit

    Honored to share that I've been named a finalist in the Executive Leadership Technology Vendor category for the Credit Union Times 2025 Luminaries Awards!  I'm also excited to share that Bloom Credit has been named a finalist in the Product Innovation Credit/Debit/Payment Solutions category. Bloom+ is our revolutionary service that enables consumers to build credit without going into debt by reporting recurring payments for utilities, rent and telco expenses to the credit bureaus. This recognition highlights our team’s dedication to helping financial institutions deliver better outcomes through innovation, financial inclusion, and credit health solutions. A big thank-you to our partners and clients who inspire this work every day. See the full list of finalists here:  https://lnkd.in/ej5Nj6rk

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  • Bloom Credit is thrilled to announce that we have been named a Finovate Awards finalist for Excellence in Financial Inclusion. This award is given to a bank, FI, or fintech firm that excels at engaging with unbanked and under-banked people from around the world in order to give more people access to basic banking services. This nomination is directly aligned with our mission to transform the financial ecosystem into one that’s more accessible—and that supports better outcomes—for everyone. Financial inclusion goes beyond good business; it’s the right thing to do. Smart infrastructure paired with strategic industry relationships underpins our commitment to removing barriers and creating lasting impact for the people who need it most. We’re grateful for this recognition. And thank you to our incredible team and partners who make this work possible every day.

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  • We’re thrilled to share two exciting updates: → A new growth investment to power our next chapter → A strategic partnership with Navy Federal Credit Union, the largest credit union in the U.S. This investment fuels our mission to reshape how credit decisions are made: with foundational credit data, consumer-permissioned cash flow insights, and a platform built to expand access, not limit it. We’d like to offer a special thanks to James M. P. Feuille and Crosslink Capital, Allegis Capital,Commerce Ventures, and Connecticut Innovations for their belief in and support of our mission. With Navy Federal, we’re bringing this vision to life at scale—helping more people get the credit they deserve, and giving institutions the tools to lend confidently and inclusively. We’re grateful to our investors and our partners for believing in a better credit future. Let’s keep building it—together. https://lnkd.in/gQxRTtcq #CreditInnovation #Fintech #AlternativeCreditData #FinancialInclusion #LendingTransformation

  • We're excited and honored to work with Navy Federal Credit Union to help their members build credit history through their normal and recurring monthly payments made from their checking accounts. If you're a bank or credit union interested in learning more about our Bloom+ product and how it can help your financial institution achieve its goals of deposit growth and retention, as well as loan growth, please reach out to learn more! https://lnkd.in/gwzufH5Q https://lnkd.in/dvh-dKkA

  • We are excited to welcome Christa Degnan and Tushar Mukhija to the Bloom Credit team! Christa is joining as Bloom's Chief Product Officer and brings significant experience in product management, with a specific focus on the credit data industry. Tushar is joining as Bloom's Head of Strategy and Partnerships for Credit Union Financial Services. Tushar has deep experience serving the needs of some of the nation's largest credit unions with fintech business partnerships. Welcome to Bloom! https://lnkd.in/eV9XJbaW

  • Are you a credit union attending America's Credit Unions GAC this upcoming week in Washington DC? We'd love to meet with you! Come learn how Bloom Credit is helping credit unions better serve the needs of members while also improving deposit and loan growth through our unique credit building solution, Bloom+. We're excited to have Tushar Mukhija, Kevin Angeles, and Christian Widhalm meeting with credit union partners and prospects. Reach out today to schedule time to connect at the conference! #creditunions #gac #governmentalaffairsconference

  • We are excited to announce our new relationship with Taktile! As financial services products and financial data become more complex, it’s critical to have a partner that excels in modern risk decisioning. Taktile brings just that with its next generation platform. We are thrilled to help provide their lending customers with fast and accurate credit data in order to make more informed credit decisions quickly. Read more here: https://lnkd.in/eFxbycjC

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