Bloom Analysis: $4M Raised

Teens learn investing basics through interactive lessons; Parents approve or deny trades made by teens; Users earn stock rewards for completing educational modules; Teens invest with as little as $1; Users participate in games and tournaments for additional rewards

1M+ investors using the app; 20M+ lessons passed; Backed by Y Combinator; SIPC insured accounts; 24/7 access with bank-grade security

The main competitors of Bloom in the fintech space, particularly focusing on financial literacy and investing for teens, include:

1. Greenlight - An app that provides a debit card for kids and teens, along with financial education tools and investment options.
2. Copper - A platform that allows teens to invest in stocks and learn about financial management.
3. Blossom - A social investing app designed for young investors, focusing on education and community engagement.
4. Stash - An investing app that simplifies the investment process for beginners, including teens, with educational resources.
5. E*TRADE - While primarily a brokerage, it offers educational resources and tools suitable for young investors.

These companies provide similar services aimed at educating and enabling teens to invest responsibly.