cross-border-factoring
(2)
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.
Francisco Mere
Francisco Meré is the founder and CEO of Blooms, a financial-technology company that gives Latin American fruit and vegetable exporters fast working capital, cross-border factoring, and multi-currency payments so their produce can reach North American shelves. A lawyer-turned-banker-turned-builder, he previously co-founded Bankaool, Mexico's first fully digital bank, ran the agricultural development bank FIRA, and chaired Mexico's fintech association. With Blooms he is chasing a multibillion-dollar financing gap that keeps growers cash-poor even as demand for fresh produce booms.