The 'Bloom' App Helps Users to Build Longterm Wealth
Michael Hemsworth — July 31, 2023 — Lifestyle
References: bloomapp & techcrunch
The 'Bloom' app is an investment platform developed with teens and 20-somethings in mind to help them get started building longterm wealth in a decidedly easy, hands-off manner.
Users can enjoy more than 200 interactive lessons for learning how to get started investing, which will also see them receive stock rewards for the lessons they partake in. Consumers can get started with as little as $1 and the platform doesn't require users to keep a minimum balance. The platform can be accessed for $15 per month or $120 a year.
The 'Bloom' app was developed by Allan Maman and Sam Yang who created the platform after realizing there aren't any options for investing that actually teach the fundamentals of the market.
Image Credit: Bloom
Users can enjoy more than 200 interactive lessons for learning how to get started investing, which will also see them receive stock rewards for the lessons they partake in. Consumers can get started with as little as $1 and the platform doesn't require users to keep a minimum balance. The platform can be accessed for $15 per month or $120 a year.
The 'Bloom' app was developed by Allan Maman and Sam Yang who created the platform after realizing there aren't any options for investing that actually teach the fundamentals of the market.
Image Credit: Bloom
Trend Themes
1. Teen-targeted Investment Apps - The 'Bloom' App Helps Users to Build Longterm Wealth
2. Interactive Learning for Investing - Over 200 Interactive Lessons on 'Bloom' App for Getting Started with Investing
3. Democratization of Investing - Teens and 20-somethings Can Start Investing with as Little as $1 on 'Bloom' App
Industry Implications
1. Personal Finance - The 'Bloom' app disrupts the personal finance industry by providing a platform for teens and 20-somethings to easily start investing and building longterm wealth.
2. Edtech - The 'Bloom' app presents a disruptive innovation opportunity in the EdTech industry by offering over 200 interactive lessons for learning investment fundamentals.
3. Fintech - The 'Bloom' app disrupts the Fintech industry by enabling users to participate in the stock market with minimal investment and no minimum balance requirement.
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