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Live on Bloom: Raise Integrates Bloom for KYC Compliance

Today, hot on the heels of integrating Bloom for authentication, Bloom and Raise are happy to announce the launch of Bloom verified accounts on Raise! Raise is a lending marketplace that connects individuals with investment opportunities, primarily in emerging countries. Raise leverages Ethereum’s blockchain technology to be a transparent and secure platform allowing investors to earn great returns while borrowers are able to grow their own businesses.

The loans range from hundreds of dollars up to $1,000,000 USD, all on 12 month terms. Borrowers and lenders come together on loans where both sides are comfortable set terms. The onboarding process is fast and flexible with BloomID, which enables users to skip the username and password creation process.

The QR code provided by Raise so a borrower can scan it and verify their identity via BloomID.

As a platform focused on doing good, Raise is working to ensure the people that need their platform most can access it, and that's why they have been searching for authentication options and KYC solutions that are easy to use, match the Raise ethos and culture, and are cost effective.

Now we are combining Raise accounts with verified BloomIDs! We’re proud to support KYC solutions that encompass a global population. Building up trustworthy signals to verify identity opens up a whole new suite of services to billions of individuals who could not previously access them without leaving their home country.

We’re very excited to offer Bloom as an account verification option to our users. We believe in allowing people to be in control of their personal data and when one can do with such a clean UX then it’s a clear win-win situation for everyone.

Francesco Vivoli - Chief Product & Technology Officer at Raise

About Raise

Raise Logo

Raise aims to make borrowing and lending simple and affordable for small and medium sized enterprises in emerging markets. It does so by providing a loan marketplace that allows lending institutions to secure debt, funded directly by a network of private investors.

Lenders and borrowers can now use their BloomID to create a password-less account, and also use their existing BloomID verifiable credentials to complete the KYC process. This reduces the attack surface on an individual’s data, speeds up the onboarding process by re-using existing credentials, and allows you to access the platform more quickly.

Bloom has always been predicated on the notion that individuals should control their own data, a decentralized identity should help them gain access to new services, and that it should be usable in a variety of use cases. With today's announcement, we take another step toward making all those ideas a reality thanks to the team at Raise and their support!

If you have a BloomID and are looking to access a platform like Raise, head over now to sign up and sign in using your BloomID and gain access to Raise’s crowdfunding platform. If you are looking to borrow and lend money, we encourage you to create a Raise account and take advantage of the opportunities available on their platform. Use your BloomID to sign up and verify your identity for maximum protection and speed!

Bloom: Take Back Control of Your Data

At Bloom, we are giving you the tools to take back control of your data. No more centralized data storage. No more selling off your data to the highest bidder. No more risking identity theft. Bloom enables you to own, control, and protect your data using the latest advancements in blockchain technology.

With Bloom:

  • You own your data
  • You control access to your data
  • You decide when you share your data and who you share it with

It’s time to take back control of your data and unlock the power of a secure, reusable identity today. Download the Bloom mobile app to build a cryptographically secure identity and get free data breach alerts with Radar!

Live on Bloom: Raise Integrates Bloom for KYC Compliance
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