Bloom Impact wins the Responsible Digital Innovation Silver Award at the IFC’s SME Finance Forum

Accra, Ghana November 7, 2018

Bloom Impact is pleased to announce that it has been awarded the Responsible Digital Innovator of the Year Silver Award at the IFC’s SME Finance Forum which took place from the 5-7 November 2018 in Madrid.

The award was given to Bloom Impact for our data-driven marketplace that empowers small business owners to learn about and easily & affordably access financial services. Our mobile App uses machine learning, data analytics and a scoring algorithm to analyse needs, eligibility and suitability of SME’s and match them with the most suitable products. Our solution allows us to reach a wide range of small business owners that suffer from lack of adequate and affordable access to financial products. We provide financial education, tools, credit reports and guidance to ensure responsible borrowing, savings behavior and smart business usage of payment accounts.  With over 40 products and multiple bank partners on our marketplace platform we have been able to serve thousands of unbanked and underserved Youth, Women and other growing small businesses.

Carol Caruso, CEO of Bloom Impact said: “We are honoured to have been awarded this recognition. We know that small businesses can thrive, offer employment and boost local economies when they have educated and timely access to financial products. It’s about convenient ease of access, affordability, optimizing data for eligibility, financial education and informed decision making and that is what we focus on to help business entrepreneurs ”


Matthew Gamser, CEO, SME Finance Forum “I would like to congratulate all the winners of the inaugural Global SME Finance Awards. These awards celebrate the best in class financial institutions and fintechs that have achieved remarkable results in their SME product or service offerings. Our winners are diverse, but they all share a strong commitment to helping small businesses in their markets with their dedication and innovative practices. The winners are an inspiration to us and their peers.”

See IFC’s SME Finance Forum announcement