Bloom Analysis: $4M Raised
What is Bloom?
Zero-commission investing app for teens
Employees
1-10
Founded
2021
Industry
Investment
Latest Funding Round Size
$4.4 million
Product Features & Capabilities
- Zero-commission stock investing
- Fractional trading
- Custodial accounts for ages 13-17
- 350+ interactive lessons
- Gamified learning modules
- Stock rewards program
Use Cases
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
How much Bloom raised
Funding Round - $4.4 million
RecentOther Considerations
1M+ investors using the app; 20M+ lessons passed; Backed by Y Combinator; SIPC insured accounts; 24/7 access with bank-grade security
Competitors
The main competitors of Bloom in the fintech space, particularly focusing on financial literacy and investing for teens, include:
- Greenlight - An app that provides a debit card for kids and teens, along with financial education tools and investment options.
- Copper - A platform that allows teens to invest in stocks and learn about financial management.
- Blossom - A social investing app designed for young investors, focusing on education and community engagement.
- Stash - An investing app that simplifies the investment process for beginners, including teens, with educational resources.
These companies provide similar services aimed at educating and enabling teens to invest responsibly.
