Bloom Credit enables financial institutions to nurture relationships with consumers who applied for their loans but were denied due to the lender’s origination standards. Bloom Credit works with the declined applicant and provides actionable credit-building insights to strengthen their credit health and financial readiness for the loan they originally requested; the applicant may also receive new loan offers and product recommendations. Applicants on the platform typically become serviceable in one to six months and grow their credit scores 17.3 points on average.

https://www.marketwatch.com/press-release/bloom-credit-raises-387-million-in-total-seed-investment-from-resolute-ventures-slow-ventures-kindred-ventures-and-500-startups-fintech-fund-2018-09-13