Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Bloom Impact gets boost from Engineers Without Borders

Bloom Impact, a Ghana-based fintech startup, provides an online and mobile platform to help micro- and small-business owners in Africa raise funds by enabling lenders to vet businesses in need of financing.

Bloom estimates there is a $140 billion to $170 billion financing gap for Africa’s small business owners, many of whom operate in the informal economy and are unbanked.

Engineers Without Borders Canada, which uses engineering skills to aid development, has invested in several other fintech startups as a way to make products and technologies more accessible to low-income populations.

Its investment in Bloom, amount undisclosed, came via its venture seed fund, EWB Ventures; this is its ninth investment.

In July, it backed mobile text-based early-education venture, M-Shule.

You might also like...