Launch of the Embedded Lending Solution by Bloom Analytics

At Bloom Analytics, seasoned fintech leaders are using unique decisioning to assist lenders in expanding throughout the credit spectrum.

August 23, 2023 / CHRISTIANSTED, U.S. VIRGIN ISLANDS / A new product from Bloom Analytics enables finance companies to access a wider range of clients and empowers enterprises to become lenders and obtain new revenue streams. In order to scale both small and large organizations, Bloom’s seasoned advisors leverage AI-driven analytics and machine learning in underwriting models.
“The finance industry has spent decades preparing for this day. We have witnessed the changes and even contributed to some of them. And now we’re prepared to impart our knowledge to other fintechs and businesses looking to expand,” said Jimmy Whatley, chief executive officer of Bloom.

Bloom was established in July with the goal of assisting businesses in expanding through the use of unit economics as a fundamental theoretical framework. The executives of Bloom have enabled systems that have assessed more than one billion credit applications and have a combined 100 years of finance experience. They have worked with more than 350 commercial customer portfolios.

Where expertise and innovation converge is bloom. They not only give fintechs, banks, and credit unions options to improve operations for profit, but also give businesses the ability to create embedded finance products that follow the latest trends and satisfy the changing needs of their clients. Bloom provides a comprehensive range of business solutions that may be tailored to each client’s specific requirements.

Bloom has created a solution that enables clients to contact customers throughout the credit range without compromising profitability in response to the growing need for embedded finance in both traditional and non-traditional financial services organizations. Inflation is affecting an increasing number of people, making it more important than ever to look beyond standard credit scores. Depending on the requirements and requirements of each customer, Bloom’s advisors use an underwriting procedure and a lead buying approach that can boost revenues.

“This is a truly original solution. Fintechs must increase their reach, and consumers need more financing options. Working together, we can change the world, Whatley added.

Lead generation, product development, business management and consultancy, UI/UX, digital marketing, and contact center support are among Bloom’s primary offerings. Bloom can either provide the service directly to customers or help them find the appropriate partners.