Blossom Finance

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FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 17/07/2020

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About

Blossom Finance is a Shariah-compliant microfinance fund. It allows investors from across the globe to invest in and profit from pooled investments in microfinance and community banks, leading to risk diversification. It also offers Institutions a blockchain-based Shariah-compliant platform for raising funds.

Focus

PRODUCTS & SERVICES

The platform offers investments in a fund that disburses money to a large number of microfinance and community banks, which use the funds to finance individual micro-entrepreneurs in Indonesia for income-generating ventures. The investment horizon is between 6-12 months. The fund is Shariah compliant at all stages, and the final investments are never for consumption purposes. The profit from the fund is shared with investors every 3 months. Its trademarked capital market tool “Smart Sukuk (Islamic Bonds)” uses the Ethereum blockchain to help Institutions raise funds for construction, microfinance and other activities, while ensuring avoidance of margin trading, excessive speculation, or usurious credit. The institutions receive money in the local currency, and hence do not have to take exposure to foreign currency or cryptocurrency risk. The investments are fully regulated in the respective jurisdictions.

REVENUE MODEL

The platform takes a part of the profits (profit-sharing model). It does not charge any up front administrative fees or service charges.

MAIN CLIENTS

Individual and Institutional Investors

Microfinance and Community banks

EXISTING PARTNERSHIPS

The company has partnered with banks including AMA Bank

Bangkok Bank

Bank of America

BPI

Citibank

HSBC

Landbank

etc.

People

FOUNDERS

Matthew Joseph Martin

Matthew Joseph Martin

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Boost VC

Momentum

FUNDED

YES

DATE OF LAST FUNDING

Nov 2014

LISTED

NO

BASICS

FOUNDING YEAR:

2014

LOCATION:

United States

Views:

130 VISITORS | 186 VIEWS
TOTAL EMPLOYEES
51-200

About

Blossom Finance is a Shariah-compliant microfinance fund. It allows investors from across the globe to invest in and profit from pooled investments in microfinance and community banks, leading to risk diversification. It also offers Institutions a blockchain-based Shariah-compliant platform for raising funds.

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