Karma is Blooming

Karma is a p2p ecosystem. We look forward to opportunities in partnering with excellent organizations. Especially, with incredible teams that share our mission in building great products to provide equal resource access for people around the world.

Today, we’re so glad to announce our partnership with Bloom.

Bloom is a decentralized credit scoring on the blockchain. They are building a global solution to credit through their mechanisms for identity verification, increased security, and scoring. They integrate data sources from around the world to provide better credit infrastructure for loan providers, as well as a clean and easy-to-use API for third party organizations. Bloom also provides identity and risk management APIs to enrich existing data, giving an extra level of security for lenders and borrowers.

Meet the Team Behind Bloom

Jesse, John and Alain met at Stanford University. Here they also met Daniel and Shannon. Additionally, the team includes Ryan and David, who have managed over $100M in brand budget. John and Jesse are in the Thiel Fellowship. Daniel is Forbes 30 Under 30. The team has previous experience in compliance, data and analytics, identity, security, lending, and government. Read more here.

They have several notable advisors to the project. Joey Krug (Founded the first ICO, Augur. CIO of Pantera Capital, $100M fund), Joe Urgo (District0x, Sourcerers), Luis Cuende(Aragon Project), Meg Nakumura (CEO of Shift Payments).

Feel free to check their website for more information: https://hellobloom.io

Karma and Bloom

Karma team will have early access to the Bloom testnet API to begin the integration of their scoring and identity mechanisms. That will be a great option for Karma lenders: they will have more data about potential borrowers and this will help them to make more accurate decisions on lending.

We hope this partnership will empower both the Karma p2p lending community and Bloom’s decentralized credit platform.

Cheers!