Bloom partners with American Express Middle East to bring blockchain innovation to MENA

Bloom, a blockchain solution for secure identity and inclusive credit, has announced a collaboration with American Express Middle East to help drive fintech innovation as part of American Express Middle East’s ACCELERATE ME program.

Bloom is excited to be a part of the launch of the very first global corporate fintech program in the region, ACCELERATE ME. Nest and American Express Middle East will be running the first program focused on delivering innovative digital solutions to customers and business partners in the Middle East.

Bloom is enabling the region to introduce new approaches to credit scoring using non-traditional sources of data. Bloom is working to bring a secure, data driven approach to risk assessments in order to streamline the process.

Mazin Khoury, CEO of American Express Middle East, shares, “We are delighted to be launching ACCELERATE ME at this time, and to be able to give the powerful backing of American Express Middle East to some of these powerful new ideas. We continuously strive to put innovation at the forefront of everything we do, and are excited to create new and stimulating partnerships that can become a catalyst for growth for both American Express Middle East, and for the cohorts participating in the ACCELERATE ME programme.”

American Express Middle East is one of the founding partners of Bahrain Fintech Bay, a premier FinTech Hub in the Middle East. They are leading the way in creating a platform for startups to gain access to new markets, resources, and the opportunity to bring innovative solutions to the ecosystem.

“Bloom sees substantial potential in expanding to the Middle East. Government support for startups and a strong momentum for innovation from companies like American Express Middle East give entrepreneurs the opportunity to rapidly expand into new markets. We are thrilled to be a part of this.” shares co-founder Jesse Leimgruber.