The startup provides revenue-based financing specifically tailored for e-commerce businesses, enabling them to access capital based on their sales performance. This approach addresses the challenge of securing traditional loans, allowing online brands to enhance their growth strategies and improve customer retention.
Funding
$307.2M 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.
Founders
Product
Problem
E-commerce and D2C businesses often face challenges in securing growth capital due to the limitations of traditional lending models, which may not accurately reflect their sales performance and potential. These businesses require flexible funding options to invest in inventory, marketing, and sales initiatives without diluting equity or providing personal guarantees.
Solution
Bloom provides revenue-based financing solutions tailored for e-commerce and D2C businesses, offering access to capital based on their sales performance. The platform connects to the business's online accounts to provide funding offers within 24 hours. Bloom offers funding from £10K to £10M with a simple flat fee, allowing businesses to invest in inventory, marketing, and sales. The platform provides a 100% digital experience with no paperwork, enabling businesses to sign up in seconds and access more funding as needed.
Target Audience
The primary target audience includes e-commerce and D2C businesses seeking flexible growth capital for inventory, marketing, and sales initiatives.
Features
- Revenue-based financing model aligned with sales performance
- Funding from £10K to £10M
- Fast funding offers within 24 hours
- No dilution of equity or personal guarantees required
- 100% digital application process with no paperwork
- Integration with e-commerce platforms like Shopify, Amazon, WooCommerce and Ebay
- Flexible capital for inventory, marketing, and sales investments