Sun Apr 27 06:00:00 UTC 2025: ## Chicago Fintech Startup Bloom Credit Secures $10.5 Million in Funding

**CHICAGO, IL [Date of Publication]** – Bloom Credit, a Chicago-based financial technology company specializing in cash flow reporting and credit data infrastructure, announced today that it has secured $10.5 million in Series [Insert Series Round, e.g., A] funding. The investment round was led by Crosslink Capital, with participation from Allegis Capital, CT Innovations, and Commerce Ventures.

Bloom Credit provides an API-driven platform designed to modernize the credit data ecosystem. The platform aims to improve the speed and accuracy of credit reporting, expanding access to alternative consumer-permissioned data (CPD) to create more comprehensive credit scores. This allows lenders and financial institutions to offer innovative credit products more efficiently.

The company plans to utilize the new funding to expand its engineering and sales teams, enhance its technology, and accelerate its go-to-market strategy. This follows the August 2024 launch of Bloom+, a product focused on credit data reporting and furnishment for consumer and small business banking.

“This investment validates our vision for a more efficient and inclusive credit system,” said Christian Widhalm, CEO of Bloom Credit. “We’re excited to leverage these funds to further our mission of empowering financial institutions to build better credit products for all consumers.”

Bloom Credit is a member of the American Fintech Council, demonstrating its commitment to a transparent and accessible financial system.

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