# Blooms

> Blooms is an AI-driven trade finance platform that gives Latin American fresh-produce exporters faster access to working capital, cross-border factoring, and multi-currency payments as they ship fruits and vegetables into the US and Canada. Founded by fintech veteran Francisco Mere, the company purchases exporters' US receivables, absorbs the credit risk stateside, and advances up to 80% of an invoice within 24 hours - smoothing the cash-flow gap that has long strangled growers who sell perishable goods across borders. It raised a $2.6M seed round in May 2025 led by agritech VC SP Ventures.

- **Founded:** 2023
- **Headquarters:** Wilmington, Delaware, United States
- **Founders:** Francisco Mere (Founder & CEO)
- **Team size:** ~45 employees; a cross-disciplinary team of fintech, agtech, and data-science professionals
- **Products:** Working Capital (Capital de Trabajo), International Factoring (Factoraje Internacional), Global Payments Platform (Plataforma Global de Pagos), Data & Cash-Flow Tool
- **Notable:** Raised $2.6M seed round led by SP Ventures (May 2025), PACA-licensed (Perishable Agricultural Commodities Act certified) to operate in the US produce trade, Built a global payments and FX platform in partnership with Monex

## Products & services

- **Working Capital (Capital de Trabajo)** — Pre-export financing that funds agricultural production and operations before goods ship, by purchasing future receivables to fund the harvest in advance.
- **International Factoring (Factoraje Internacional)** — Cross-border factoring that advances exporters up to 80% of an invoice's value within 24 hours; Blooms purchases the US receivable and assumes the credit risk stateside.
- **Global Payments Platform (Plataforma Global de Pagos)** — A virtual US account for cross-border payments and transfers, plus tailored FX and currency-hedging solutions, developed in partnership with Monex.
- **Data & Cash-Flow Tool** — An in-development AI data product that digitizes cross-border information flow and helps exporters forecast cash flow across the trade cycle.

## Achievements

- Raised $2.6M seed round led by SP Ventures (May 2025)
- PACA-licensed (Perishable Agricultural Commodities Act certified) to operate in the US produce trade
- Built a global payments and FX platform in partnership with Monex
- Advances up to 80% of invoice value within 24 hours to exporters
- Assembled backing from six investors including Mercy Corps Ventures and The Yield Lab Latam

## Latest updates

- **2025-05** — Announced $2.6M seed round led by SP Ventures with Angel Ventures, The Yield Lab Latam, Eqwow Ventures, Glocal Managers, and Mercy Corps Ventures participating.
- **2025-05** — Detailed plans to expand its AI trade-finance platform and build additional digital financial tools, including a cash-flow-forecasting data product, for Latam produce exporters.

## Links

- Website: https://bloomscapital.com
- LinkedIn: https://www.linkedin.com/company/bloomscapital

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Profile page: https://yespress.io/blooms
Published by YesPress — https://yespress.io
Last updated: 2026-07-07