Bloom Credit has raised a $13m Series A round

FinTech Bloom Credit has bagged $13m in a Series A funding round led by Allegis NL.

The round was also supported by Resolute Ventures, Slow Ventures and Commerce Ventures. Of the money raised, $3m was part of a previously undisclosed angel round.

The round brings the total raised by Bloom Credit to $17m an will enable it to strengthen its position.

It will do so by bolstering its leadership and add more bodies to its engineering, product, growth and sales teams, according to Crunchbase.

Moreover, while it has already created solutions that help FinTechs and other companies that want to offer credit products connect with credit bureaus, the new investment will also enable it to develop new products.

For instance, it is looking into adding furnishment offerings enabling companies to send information back to credit bureaus.

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