Blooms Capital provides working capital and international factoring solutions specifically for fruit and vegetable exporters. The platform offers timely financing against future export receivables and enables rapid payment collection through non-recourse factoring. Additionally, it facilitates global payments and provides US virtual accounts to manage foreign currency exposure.
Funding
$2.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
4OFounders
Product
Problem
Exporters of fruits and vegetables often face cash‑flow gaps because payments for overseas shipments can take weeks, and traditional financing requires lengthy paperwork and collateral. Currency volatility further erodes profit margins, making it difficult to plan production and growth.
Solution
Bloomscapital offers a data‑driven financing platform that provides working‑capital advances based on future export contracts. Using AI to assess transaction risk, the company can pre‑fund a portion of expected export revenue within 24 hours, either as a non‑recourse factoring line (up to 80 % of invoice value) or as a flexible working‑capital loan. A virtual U.S. account enables exporters to receive payments in multiple currencies, convert them at preferential exchange rates, and make global payments while shielding earnings from FX fluctuations. The entire process is digital: exporters register, submit buyer information, and receive a pre‑approval quickly, with ongoing visibility into liquidity and payment status through the online dashboard.
Target Audience
Primary customers are Mexican exporters of fresh produce—such as berries, tomatoes, and other horticultural products—who need rapid liquidity and currency protection to scale their operations.
Features
- AI‑based credit assessment that predicts export cash flow and determines advance amounts without requiring traditional collateral
- Non‑recourse factoring service that pays up to 80 % of invoice value within 24 hours
- Flexible working‑capital loans tied to future export shipments, with repayment aligned to actual receipt of funds
- Virtual U.S. bank account supporting receipt and disbursement in over 20 currencies
- Integrated FX management offering preferential rates and tools to hedge against currency volatility
- End‑to‑end digital onboarding: company registration, buyer data entry, and instant pre‑approval within a single platform