Bloomio Review: A Simple and Reliable Way to Invest in Startups

HomeInvestingBloomio Review: A Simple and Reliable Way to Invest in Startups

Want to Score Cash For Free?

  • Survey Junkie: Earn up to $50 per survey with one of the highest-paying survey sites on the web. Join Survey Junkie Now
  • SoFi Money: Earning money for unlocking better features sounds like a dream. But this free banking app really pays you $100 with you switch your direct deposit to SoFi Money. Get SoFi Money.
  • Aspiration: This mobile banking app lets you do everything for free and takes no fees — ever. Better yet, if you join through this link you can get $100 in your new account.

Bloomio blends equity crowdfunding and the blockchain. Any person can start investing in startups or companies that they believe in with as little as 50 dollars.

What do you get when you cross a seasoned startup professional, a finance executive, and a cybersecurity and blockchain technology expert? The answer in the case of Max Lyadvinsky, Emile Osumba, and Alexey Raevsky, respectively, is Bloomio—a successful company on the brink of a venture capitalist revolution.

When the three founders came together at the Executive IMD MBA program, they realized that while they shared a similar desire to enter the exciting world of venture capitalist investment, they also recognized several key issues. In the traditional venture capital process, one is forced to face the risks that come from illiquidity, lack of capital, limited quality information, and fraud. As three extremely experienced business professionals, they decided to take on the task of addressing these seemingly irreparable holes in the process. And, with the secure crowdfunding platform Bloomio, that’s exactly what they did.

bloomio

With their blockchain powered equity crowdfunding platform, any startup that is approved by an unbiased board of financial professionals can begin to raise investment capital.

Conversely, any person can start investing in companies that they believe in with as little as 50 dollars. Their policy of allowing 50 dollars as a minimum investment completely dismantles the idea that only angel investors of venture capitalist firms can participate in the cutting-edge market.

This user-friendly platform signals a tonal shift in the traditional venture capitalist market—Bloomio is saying “so long!” to the cutthroat, connection-based world that startup owners were forced to navigate in order to succeed in the past. You no longer need to “know someone” to get into investing; you need to convince a crowd of investors about your chances to scale the business and to return profit to investors.


Want Free Money?

  • Aspiration: Want to get spotted a $150 for free? Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $150 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

With their rigorous process of due diligence, they came up with a balanced scoring system to assess startup potential:

bloomio

Interesting to note that this assessment is made by 3rd party experts. While other companies offer a due diligence process, they are conducted internal and this raise concerns on conflict of interest. Can you really trust an assessment made by the same organization benefiting from the sales of share of that startup? That’s what Bloomio founders should have thought implementing this unbiased approach.

Furthermore, although Bloomio advises startups to create compelling campaign videos and plans, it remains uninvolved with each campaign. This keeps the company fully impartial, even after due diligence is completed. A level playing field is integral to Bloomio’s platform and is maintained throughout the crowdfunding process.

This in itself is revolutionary in the venture capitalist market, as it has been stereotyped as a boys’ club exclusive to wealthy and experienced investors. When combined with the secure blockchain platform that allows for online currency exchange, the innovation of Bloomio becomes off the charts. After a company is evaluated by the third party, it receives an online campaign profile with a rating out of five. Startups that are interested in using Bloomio to crowdfund are given the unique option of choosing between paying either 5 percent of their funds raised, or 0.5 percent of equity offered. Once the choice is made, the company’s equity is tokenized by Bloomio.

Bloomio is committed to ensuring financial integrity on their burgeoning platform, and has continued to take steps that strive for only the very best results. In November, MME partner Dr. Luka Müller joined Bloomio’s Board of Advisors in order to aid with ensuring regulatory compliance, advancing blockchain technology, and developing strategies against money laundering and corruption.

What’s next?

After a crowdfunding campaign ends, that does not mean the startup is left high and dry, either. Bloomio comes equipped with a broad network of partners that fully support a startup’s acceleration, from the initial crowdfunding phases all the way through the end of the campaign. After a campaign—which can last anywhere between one and four weeks—is completed, Bloomio continues to act as a custodian of the company’s shares sold on the platform and investors are able to proceed with the buying and trading of tokens.

If you’re starting to think that this sounds too good to be true, then you are sorely mistaken. The company has already successfully completed the first seeding round, raising CHF 700 thousand from founders and private investors. While Bloomio’s first fundraising campaigns are set to go live in Q2/Q3 of 2018, the website is already live with a diverse portfolio of businesses listed on its homepage. So, what are you waiting for?

Of his company, CEO Lyadvinsky said,

“I have been involved in many successful startups, but this is the thing! Many people are keen to invest in startups and to access investments with higher return. We offer them a trustworthy platform to do it.”

It is clear that this is an honest company founded by professionals who are not only experts in their fields, but also visionaries.

To find out more about the company, visit their website at www.bloomio.com

Happy investing!

GoDescription
aspiration

Want Free Money?
Aspiration

Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $100 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

Learn more


The Best Apps to Save You Real Money

We are on our phone a lot, right? Wouldn't it make sense to save money with the best money saving apps?

AppAt a glancedownload
aspirationAspiration
★★★★★
Get a $100 bonus at Aspiration when you open and fund an account with $10 or more. Then use your Aspiration debit card to make at least $1,000 worth of cumulative transactions within 60 days of account opening.
CLAIM $100 BONUS
robinhoodRobinhood
★★★★★
Open a new account in the next 24 hours and you could get up to $200 in free stock.
CLAIM FREE STOCK
Truebill reviewTruebill
★★★★★
This free app delivers on its promise to save you money effortlessly. You can use it to lower your bills, cancel unwanted subscriptions and bill negotiations.
SLASH YOUR BILLS

Games That Pay You To Play - Yes, We're Serious

These 3 apps will PAY YOU to play games on your mobile device:

  1. Blackout Bingo - You can download this app and start getting cash rewards for playing bingo.
  2. Solitaire Cube - Earning money by playing games on your phone sounds like a dream. But this app really pays you for playing solitaire with cash rewards.
  3. Pool Payday - Earn up to $50 per month playing billiards with one of the highest-paying gaming apps on the web.

About the author

Brian Meiggs
Brian Meiggs
Brian Meiggs is a personal finance expert, and the founder of My Millennial Guide, a personal finance site helping you put more money in your pocket. He helps millennials follow the smart money in order to increase their earning potential and start building wealth for the the future. He regularly writes about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. He has been quoted as a top personal finance blogger in major publications including Yahoo! Finance, NASDAQ, Discover, MSN Money and more.

2 COMMENTS

  1. Looks promising. I think to the average investor this may not be the best fit for but for those risk seeking Millennials it shows promise.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

On a similar note...

Explore More On

7 Best Bank Bonuses and Promotions of April 2021

ImageDescriptionlearn-more
aspiration★★★★★This Company Will Give You $100 for Opening a Free Account
Boost your savings and earn up to 1.00% APY interest on your savings. Get up to 10% cash back on your purchases. Get $100 bonus when you spend your first $1,000 with your new Aspiration Plus Card.
COLLECT $100 BONUS
personal capital★★★★★
The First and Only Interest Earning Crypto Account
Receive up to $250 Bitcoin bonus when you make qualifying deposits over the first 30 days. Receive up to 8.6% annually on your crypto. Join the most trusted financial services for crypto investors on the market.
CLAIM $250 BONUS
personal capital★★★★★Get Up $200 in Free Stock for Joining
Commission-free stock, ETF and options trades. Get a free stock worth up to $200 when joining (must complete application). Simple, easy to use investor platform with no account minimums.
GET FREE STOCK
sofi★★★★★All-In-One Investing That's Easy to Use
Tired of Robinhood? Invest in stocks, ETFs, crypto, or automated investing in all one app. No commissions for stocks and ETFs. Complimentary access to SoFi Financial Planners.
INVEST NOW
personal capital★★★★★The Smart and Free Way to Manage Your Money
Take control of your finances with the perfect union of technology and highly personalized service. Get access to free online financial tools, including retirement planner, investment checkup, net worth calculator and more. Digital-first wealth management advisor with 24,000 clients in 50 states.
SIGN UP FREE
blooom★★★★★401K and IRA Management
Start your free 401k and IRA management now. Find and reduce hidden fees. Improve your diversification.
GET FREE CHECKUP
cit★★★★★Enjoy the Benefits of a CIT Bank Money Market Account
A CIT Bank Money Market Account helps you get more from your savings with interest rates for maximum growth. Earn over 7x the national average with high-interest rates. It now pays to open a money market account with CIT Bank.
OPEN ACCOUNT
My Millennial Guide