Navy Federal Chooses Bloom Credit for Consumer Permissioned Data Services
"Bloom+ is a game changer and the size and scale of the partnership with Navy Federal reflects that. "
Share
Bloom Credit also announced a $10.5 million growth investment led by Crosslink Capital, including participation from existing investors Allegis Capital and Commerce Ventures. CT Innovations also joined the round. Bloom Credit will use the new funds to expand its team, technology, and go-to-market dedicated to credit data solutions.
Bloom+ allows a financial institution to provide customers the ability to leverage existing payments from their checking accounts, such as rent, telco, and utility payments, to be reported as tradelines to the major credit bureaus. By using Bloom+ consumer bill repayment history becomes a powerful tool in building and demonstrating creditworthiness.
'Navy Federal understands the value of consumer permissioned data to help their members build a more accurate, comprehensive and complete credit profile. Prior to this moment, their members have had to rely on credit use to build credit worth. Now, with Bloom+, the member's checking account can provide a meaningful pathway to credit and financial access,' said Christian Widhalm, CEO of Bloom Credit. 'We are equally thankful for Crosslink and our investors who share our vision for innovating the infrastructure of modern credit data.'
Bloom Credit launched Bloom+ in August 2024 to provide previously unavailable, bureau-agnostic, credit data reporting and furnishment for consumer and small business banking use cases. The Bloom+ white label, no code API allows banks and credit unions to offer checking account customers the ability to report bill payments as tradelines. The proprietary software, which can be launched with clients in as little as two weeks, helps financial institutions to attract and retain deposits, create revenue opportunities, and secure actionable cashflow insights on customers.
'Bloom+ is a game changer and the size and scale of the partnership with Navy Federal reflects that. It delivers value for consumers, visibility for lenders and exceptional growth potential for a product that is much needed in the market,' said Jim Feuille, venture partner, Crosslink Capital.
The Navy Federal partnership and new capital investment follow the recent hires of former senior leader at Experian Christa Degnan as chief product officer and credit union solutions executive Tushar Mukhija as head of strategy and partnerships, credit union financial services.
About Bloom Credit
Bloom Credit is an API platform designed to modernize the infrastructure of the credit data ecosystem, including the enablement of real-time credit reporting, improvement in reporting accuracy, and expansion of the breadth of alternative consumer- permissioned data (CPD) provided to determine credit scores. Bloom Credit empowers its customers to launch and grow new classes of credit products by leveraging access, reporting and alternative CPD in a fraction of the time it has traditionally taken, leading to the development of important applications which can improve consumers' creditworthiness. Bloom Credit is a member of the American Fintech Council dedicated to promoting an inclusive and transparent financial system. Learn more at www.bloomcredit.io.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Newsweek
a day ago
- Newsweek
How Red Sox Completely Butchered Trade Deadline In Four Straight Seasons
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The Boston Red Sox should still make the playoffs this season. With that said, they did not make it easy on themselves after a remarkably underwhelming performance at the MLB trade deadline. BOSTON, MA - MAY 19: Craig Breslow chief baseball officer of the Boston Red Sox before the game against the New York Mets at Fenway Park on May 19, 2025 in Boston, Massachusetts. BOSTON, MA - MAY 19: Craig Breslow chief baseball officer of the Boston Red Sox before the game against the New York Mets at Fenway Park on May 19, 2025 in Boston, been the reality for four consecutive trade deadlines for the Red Sox. If they miss the postseason for the fourth consecutive season as well, they can point back to Thursday as a result. Let's revisit how this became a running trend in Boston. The Red Sox hovered outside of a playoff spot in 2022 when the trade deadline rolled around. Boston had a semblance of a path to the postseason, but it also had several expiring contracts that could've returned impact young players to benefit the organization's already improving farm system. The issue was, Boston's chief baseball officer Chaim Bloom failed to pick a lane. He bought and sold on the margins. He brought in additions in Tommy Pham, Eric Hosmer and Reese McGuire. Those moves didn't get the team any closer to October. On the other side, the one sell move Bloom did execute panned out well when he dealt veteran catcher Christian Vazquez to the Houston Astros for minor league bats Enmanuel Valdez and Wilyer Abreu. Valdez didn't work out and got flipped to the Pittsburgh Pirates last offseason, though Abreu is an impact player in Boston with streaky offensive production and won a Gold Glove in right field last season. Abreu represents exactly what could've been for Boston if Bloom committed to a hard sell. What could the Red Sox have gotten for slugger J.D. Martinez? How about shortstop Xander Bogaerts, who walked for $280 million from the San Diego Padres that winter? The confusing approach left Boston's clubhouse in an awkward spot with an inadequate roster that could not build on the previous season's momentum that brought the Red Sox to the American League Championship Series. Instead, Boston missed the postseason and stayed over the luxury tax. How about 2023 and 2024? Once again, those resulted in marginal results under two different executives between Bloom and Breslow. The team sat in similar spots around .500 in both seasons as July came to a close. The 2023 deadline brought infielder Luis Urias, who will only be remembered for when he hit two grand slams on back-to-back pitches in an otherwise forgettable 22-34 stretch to end the year. Boston earned the right to add last year, which for Breslow apparently equated to dishing off prospects who would've been unprotected in the Rule 5 Draft for the following players who regressed upon arrival with the Red Sox: catcher Danny Jansen, starting pitcher James Paxton (injured in third start), pitcher Quinn Priester in a prospect swap and rounded out with relievers Lucas Sims and Luis Garcia. Once again, not enough to show for and another playoff absence. That brings us to this time around. Boston entered the trade deadline in control of the second wild-card spot in the American League. Breslow's to-do list included bullpen help, a frontline starter and a first baseman with Triston Casas still out for the season. Steven Matz adds another solid arm to the leverage group for the Red Sox with All-Star closer Aroldis Chapman, Garrett Whitlock, Greg Weissert and Justin Wilson. Boston also added Dustin May, a once-electrifying young arm who no longer had a place on a championship roster for the Los Angeles Dodgers. That's all Boston had to show for when Thursday's 6 p.m. ET deadline expired. So much for aggressively buying less than two months after the season-altering trade of franchise star Rafael Devers to the San Francisco Giants. No first baseman and no frontline starter. The latter sparked other frustrations in the inability to close a deal for Minnesota Twins frontline starter Joe Ryan, as best described by The Athletic's Ken Rosenthal. "Epic fail," Rosenthal said on "Foul Territory" Thursday night. "It comes off an epic fail at last year's trade deadline with Craig Breslow and this was an epic fail as well. They met the same issue that the Cubs ran into. Joe Ryan is another starting pitcher who wasn't traded, but my understanding is any talks they had with the Twins were feeble at best. They didn't come at them hard. The Red Sox are one of many teams that uses modeling and tries to figure out what the best values are and it's all about efficiency and getting the best deal and this, that and the other thing. "At some point, you've got to fire. It's the same thing we're saying with the Cubs. They did not even address first base, which I know they've gotten decent work out of Romy Gonzalez and Abraham Toro, but my goodness. That was a position where they had to act. They tried for Eugenio Suarez and they tried with the idea of playing him at first base. Didn't get him. Didn't get a starter other than Dustin May, who has not been a very successful starter for the Dodgers. In their bullpen with Steven Matz, he's a swing guy, he can be effective. But my goodness, they needed more. This is a team that is on the rise." Clashing reports leave some doubts on the status of the offers back and forth between the Red Sox and Twins. What is not in doubt is that with the exception of the four-player return last December to land ace Garrett Crochet, the Red Sox have shown a collective failure for a half-decade to make decisive trades for impact players. That part is really puzzling, because when have the Red Sox ever gotten burned for what they traded away for stars? The only player, without a doubt, in the last 25 years that the Red Sox can point to who ever amounted to legitimate MLB production is Hanley Ramirez. Boston traded the infield prospect to the then-Florida Marlins in 2005 for Josh Beckett and Mike Lowell. Sure, Ramirez hit .300 with three All-Star selections as a Marlin, though the Red Sox got exactly what they needed in 2007. Beckett won 20 games that year with a 1.20 ERA in 30 postseason innings while Lowell emerged as the World Series MVP to help Boston win its second championship in four seasons. Those two players also combined for four total All-Star selections in a five-year window for the Red Sox. Boston also signed Ramirez back years later entering 2015 and he posted a .423 batting average and a 1.021 OPS over two postseasons for the Red Sox. The point of that historical context? Prospects rarely pan out and the Red Sox have a history of winning daring deals. They won the deal to get Beckett and Lowell. They won the deal to get Chris Sale. The list goes on and on. Holding onto Roman Anthony and Marcelo Mayer in recent years is understandable. Otherwise, there's no historical context in Boston's memory that could ever validate this gunshy approach that cost the Red Sox several chances at playing baseball in October. Even the reality of needing to trade an outfielder like Jarren Duran or Abreu should not have stood in the way of acquiring an arm like Ryan to bolster a playoff-hopeful starting rotation. The Red Sox now face the task of ending this narrative from the last three years: Boston mismanages the deadline, the morale slumps and Boston plummets over the final two months. Boston is a combined 73-97 after the trade deadline since 2022. That should tell you everything you need to know. Now, the reality is that the Red Sox do have a better roster this time around by a significant margin. There's a different DNA with star players and different leadership in the clubhouse. Anthony, Crochet and Alex Bregman weren't there to help in years past. They could be the reason the Red Sox ultimately overcome another disastrous trade deadline performance from their baseball operations staff. The Red Sox should still be a playoff team, but the lack of a splash just handcuffed how far Boston can go while several other American League contenders improved including the New York Yankees, the Detroit Tigers, the Houston Astros and the Seattle Mariners. At some point, the trend must end or a massive shake-up needs to happen at Fenway Park. It's up to the Red Sox to decide that fate over their final 52 games. More MLB: Phillies Boss Defends No. 1 Prospect Trade Decision After Deadline Moves
Yahoo
a day ago
- Yahoo
Should You Buy, Hold or Sell TLRY Stock Post Q4 Earnings Release?
On Monday, Canada-based Tilray Brands TLRY announced its fourth-quarter results for fiscal 2025 (year ending May 2025). While earnings beat our estimates, sales fell short of expectations. Both numbers declined when compared to the year-ago quarter. Adjusted EPS during the quarter was 2 cents, down 50% year over year. Revenues declined 2% to $224.5 million, primarily due to the soft sales performance of its cannabis and beverages businesses. However, the adjusted EBITDA of $27.6 million for the quarter is the second highest in the company's lifetime (the highest being the one reported in the year-ago period). Tilray expects adjusted EBITDA for fiscal 2026 to be between $62 million and $72 million, suggesting growth of 13-31% over the prior-year levels. The company did not issue any hard top or bottom-line numbers. However, long-term investors do not bother much about a single quarter's results and instead focus on strong fundamentals. Let's understand Tilray's strengths and weaknesses to better analyze how to play the stock in the post-earnings scenario. Tilray's Focus on Non-Cannabis Businesses Pays Off While Tilray's primary business focuses on cannabis, slower growth in the Canadian market and the uncertainty of marijuana legalization at the federal level in the United States have forced the company to shift gears. TLRY reported record revenues of $821 million in fiscal 2025, up 4% year over year, thanks to this diversification. Non-cannabis sources — beverages, distribution and wellness — accounted for approximately 70% of overall sales in fiscal 2025. While the beverage business accounted for 29% of total revenues, the company's distribution business (which includes the purchase and resale of pharmaceutical and wellness products) makes up 33%. The remaining 8% comes from the wellness segment, which includes sales of hemp-based products. Over the past few years, Tilray has acquired over a dozen beer and spirits brands — including deals with Anheuser-Busch and Molson Coors — which have helped solidify its position as one of the largest craft brewers in the United States. Sales in the beverage segment rose 19% year over year to $240.6 million in fiscal 2025, despite SKU rationalization implemented as part of the company's broader Project 420 plan to integrate its craft beer businesses and streamline operations. Thanks to the 2018 Farm Bill, Tilray also markets hemp-based THC beverages like Herb & Bloom and Happy Flower. Sales in the fiscal year rose 9% year over year to $60.5 million, driven by organic growth within the branded hemp food business and the relaunch of HiBall Energy. Per the company, it continues to dominate the hemp industry 'with nearly 60% branded market share in the U.S. and 80% in Canada.' Though the distribution segment accounts for the largest share of total revenues, it registered the smallest increase among non-cannabis categories. Revenues rose around 5% year over year to $271.2 million, driven by a change in product mix. Looking ahead, we expect Tilray to reap the benefits of Project 420 in the second half of fiscal 2026. The company's focus on enhancing its global supply chain and increasing cultivation footprint is likely to meet the growing demand across all marketed territories. TLRY's Domestic Cannabis Sales Eclipse International Gains Tilray maintains a diversified business model across the cannabis space, spanning both recreational and medical channels. However, it continues to face pricing pressure and competitive headwinds. In fiscal 2025, Tilray's cannabis revenues declined 9% year over year to $249 million, primarily due to the decision to focus on preserving margins in the Canadian market. This led the company to scale back in the vape and infused pre-roll categories, which are margin-dilutive. Though revenues from international cannabis rose 19% year over year, it remains a relatively small portion of the segment. The majority of cannabis sales still come from the Canadian market, which is facing intense saturation. Cutthroat Competition From Other Cannabis Players Tilray is targeting an overcrowded market. It faces stiff competition from its peers — Aurora Cannabis ACB, Canopy Growth CGC and Curaleaf Holdings CURLF— all of which are also pursuing international expansion and cost optimization strategies, making the competitive landscape even tougher. As TLRY gains ground in international markets, competitive responses from Aurora Cannabis, Canopy Growth and Curaleaf Holdings could intensify. TLRY Stock Performance & Valuation Shares of Tilray Brands have plunged 56% year to date against the industry's 6% growth, as seen in the chart below. The fall in share price likely reflects the company's ongoing financial challenges and continued uncertainty around U.S. marijuana legalization. Image Source: Zacks Investment Research Estimates for TLRY's loss per share for fiscal 2026 and 2027 have been mixed in the last 30 days. Image Source: Zacks Investment Research How to Play TLRY Stock? Tilray's efforts to diversify into craft beverages and THC drinks show some strategic foresight. However, the persistent decline in its core cannabis business and competitive concerns remain near-term headwinds. Investors may want to wait for clearer signs of sustained improvement in sales and profitability before taking new positions in this Zacks Rank #3 (Hold) stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Canopy Growth Corporation (CGC) : Free Stock Analysis Report Tilray Brands, Inc. (TLRY) : Free Stock Analysis Report Aurora Cannabis Inc. (ACB) : Free Stock Analysis Report Curaleaf Holdings, Inc. (CURLF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
3 days ago
- Business Insider
7 easy steps that can help to build your credit while earning rewards
Building your credit back is possible with secured cards that reward good habits. Navy Federal's cash Rewards Secured card can help users build credit and earn unlimited 1% cash back on every purchase. Responsible use could lead to a credit limit boost in three months and an upgrade to an unsecured card in six. Having no credit history — or a credit score that needs work — is more common than you think. And while building credit can feel like a frustrating uphill climb, the process is actually much more doable today, especially with good financial habits. Those who set their mind to it can achieve it. In the past, the path to better credit was all work and no reward. The people at Navy Federal Credit Union, however, decided there should be a better way. "Many of our members working to build or repair credit told us they wanted something that wasn't just functional, but empowering," said Rick Conyers, assistant vice president of credit card products at Navy Federal Credit Union. The solution was a credit-building credit card — one that offers rewards while users build their credit. Here's how people looking to repair or build their credit can use it to help reach their financial goals. Research secured credit card options Secured credit cards are specifically for people with limited credit history or low credit scores. "Secured" means you make a refundable deposit when you open the account, like a security deposit for an apartment. That deposit lowers the risk for the lender and gives people a chance to build credit responsibly. When comparing secured credit cards, review the following factors: Look closely at secured credit cards with rewards Traditionally, rewards have been reserved for unsecured cardholders. However, lenders like Navy Federal recognize that people working to build or repair their credit deserve rewards, too — especially cash rewards. While some cards have complicated point systems that vary by each type of purchase, cash back can be a great option for credit builders. Navy Federal's cash Rewards Secured card offers a straightforward unlimited 1% cash back on all purchases. 1"Cash back is simple, flexible, and easy to understand," Conyers said. "You're earning consistently on every purchase without having to navigate point systems or track spending categories." Apply for a secured credit card with rewards When you've found the best card for you, get ready to apply. Here's what you'll need: Money for your deposit Personal info, like your name, date of birth, address, etc. Your Social Security number Income info and housing costs You can typically apply for a secured credit card online in just a few minutes. Navy Federal members, for example, can apply for a cash Rewards Secured card on their website. Keep your balance below one-third of its credit limit Once you're approved, use your card — and use it responsibly. You'll have a set credit limit, which is the most you're allowed to charge on your card. Keeping your balance below one-third of your credit limit on your billing cycle's close date helps your " credit utilization ratio." This is a factor that credit scoring models use to set your credit score. Always pay on time Each month, credit card users have a minimum amount due and a payment due date. Paying on time is critical to building credit. Even better? Pay your entire balance in full each month, not just the minimum amount due, and you'll be on the road to better credit. Know when your account will be reviewed for upgrades A secured credit card is meant to be a stepping stone. Periodically, the credit card issuer might review your account to see if you're ready for the next step. Navy Federal reviews cash Rewards Secured cardholders' accounts after just three months for a potential credit limit increase, without any additional deposit required. 2 After six months, they review accounts for potential upgrades to an unsecured card. Graduate to an unsecured card with bigger rewards After using your secured card responsibly for long enough, your next congratulations will be in order: Your credit card issuer may let you know when you're eligible to upgrade to an unsecured card. If you choose a secured card from a company with a whole suite of rewards credit cards, this could be a seamless transition, and you'll get your deposit back. For example, Navy Federal allows eligible cash Rewards Secured cardholders to level up to their cash Rewards card, which offers unlimited 1.5% cash back. 3 With responsible use, a secured credit card with rewards can be the first step to great credit. That's why Navy Federal recently launched theirs. "It's part of our long-term approach to helping members at every stage of their financial journey," Conyers said. "From first card to credit savvy." See if Navy Federal's cash Rewards Secured card is right for you. This post was created by Insider Studios with Navy Federal Credit Union. 1 cashRewards Secured credit cards earn 1% cash back for every $1 of eligible purchases. Eligible purchases are purchases for goods and services, minus returns and other credits. Eligible purchases do not include fees, interest charges, balance transfers, gambling, convenience checks, cash advances, or other cash-equivalents (e.g., money orders, gift cards, prepaid cards). For more information, view the cashRewards Secured Program Description. 2 3 cashRewards credit cards earn 1.5% cash back on every $1 of eligible purchases. Eligible purchases are purchases for goods and services, minus returns and other credits. Eligible purchases do not include fees, interest charges, balance transfers, gambling, convenience checks, cash advances, or other cash-equivalents (e.g., money orders, gift cards, prepaid cards).
