Founded by Carol Caruso, Bloom Impact's mission was to foster financial inclusion and drive economic growth in emerging markets, with an initial focus on Ghana. The company developed a mobile app that acted as a digital marketplace, allowing SME owners, particularly women entrepreneurs, to create a digital profile, learn about financial products, and apply for loans and other services from multiple banks and lenders. By digitizing and streamlining the application process, Bloom Impact aimed to reduce the time and cost for both SMEs seeking credit and financial institutions seeking to serve this market segment, thereby closing the significant credit gap.

Founded in

Ghana