Company Information

Get to know Bloom Money

Bloom Money provides a digital platform for "ROSCA" (Rotating Savings and Credit Association), also known as pardners, tandas, or kametis. The company's mission is to offer a modern, secure, and ethical way for individuals within diaspora communities to pool their money and build wealth together. By digitizing this traditional community finance model, Bloom Money aims to enhance financial inclusion and provide a halal and culturally-attuned alternative to conventional financial products. The service is registered with the Financial Conduct Authority (FCA) as an EMD agent of PayrNet Limited.

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Bloom Money

United Kingdom

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

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ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.