By Zoran Temelkov July, 2022
Bloom, a fintech startup, has received $6.5 million in a seed funding round with participation from Visa, Y Combinator, Global Founders Capital (GFC), VentureSouq, and Goodwater Capital. The round also saw participation from other investors such as Blaise Matuidi, Arash Ferdowsi, Kieran Gibbs, and Nicolas Kopp.
The Sudan-based savings and mobile banking app will use its seed capital to enhance its team, enhance customer experience and expand its financial services to clients in Sudan and the East African region. The company plans to increase its presence and usage of its products in markets such as Ethiopia, Kenya, Rwanda, Tanzania, and Zambia.
Bloom is the first company from Sudan that became part of Visa’s Fintech Fast Track program and the first Sudanese company in Y Combinator.
Bloom app offers a high-yield savings account and accompanying digital banking services.