Overview

Bloom is a fintech platform that offers a stock investing app aimed at teenagers under 18. It helps teens start investing early and learn about money, with a focus on financial literacy and social impact. The app provides a pathway for teens to invest in stocks, and Bloom collaborates with nonprofits and student groups to spread financial knowledge and develop future finance leaders. Revenue comes from investment advisory services available to US residents, while assets are cleared and custodied by Alpaca Securities LLC, and client funds are SIPC insured up to $500,000. Bloom differentiates itself by targeting the under-18 market, emphasizing education and social good, and forming partnerships with nonprofits to broaden financial literacy. The goal is to democratize access to investing for teenagers and empower them to build wealth responsibly over time.