Australian Climate Fintech Startup Bloom Raises A Staggering $525,000 In Seed Funding

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Two of Melbourne’s most successful entrepreneurs have united to support Bloom Impact Investing, a fintech that emphasises climate-focused solutions.

Euphemia, the family office of Up co-founder Dominic Pym, and Envato founders Collis and Cyan Ta’eed spearheaded a seed round with an impressive sum of $525,000. With their industry expertise to aid Bloom’s mobile investment app, rapidly gaining more customers each day, these funds will be used to hire one full-time business development resource, strengthen operations, and expand the community.

Bloom has achieved a significant accomplishment by hitting $1.6 million in funds under management and appointed Adam Verwey, the founder of FutureSuper, as its Executive Director. He will be directing Bloom’s community-building initiatives, ventures, and operations to heighten Bloom’s ability to satisfy its sustainable objective for our planet and people.

Starting with just $100, customers can invest without incurring brokerage fees. For Trusts and Companies, the minimum investment amount is set at $5,000.

When Camille Socquet-Clerc and Bertrand Caron, two millennials, launched their endeavour, they wanted to demonstrate that it is possible to be profitable while protecting the environment. 

The Responsible Investment Association of Australasia predicts a fivefold increase in Australia’s impact investment market from $20 billion to $100 billion over the next five years.

I wanted to invest in sustainable and climate-positive investments, but most opportunities were restricted to wholesale and institutional investors by buying into individual stocks,” Bloom Impact Investing co-founder and CEO Camille Socquet-Clerc said.

I saw an opportunity to create an avenue for people like me who wanted to invest but didn’t have $50,000 to spare and endless amounts of free time to research which companies would deliver the best returns and genuine climate impact,” Camille added. 

For the first time, Australians can now invest in private companies and infrastructure projects through a diversified and liquid portfolio – an opportunity that Ms Socquet-Clerc is thrilled to offer.

Sharing his enthusiasm regarding the raise, Dominic Pym – co-founder and director of Euphemia, said: “Australians are acutely aware of the climate crisis, and Bloom helps put the power back in their hands by investing in the industries and solutions addressing the climate crisis today.

Accessible solely to Australian citizens, the Bloom app can be downloaded from both the Apple and Android app stores.

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