The micro investing platform said that Effective from 22nd August 2022, they will be increasing to a 3.5% p.a targeted return for all customers.
Co-founder Gaby Rosenberg told Sub11 :
"We're excited to announce that we're increasing our targeted returns to 3.5% p.a. We are grateful to our community for helping us achieve this milestone. Blossom has democratised fixed income investments to help Aussies be smarter with their savings. With $22m under management and partnerships secured, it's clear we're delivering on our mission to provide a flexible, innovative and ethically conscious savings product."
For more information on Blossom - click here
Year founded : 2020, launched to market 7th June 2021
Founders/CEO: Gabrielle Rosenberg, Co-founder
Location: Sydney
Size of Team: 4
Website: www.blossomapp.com
Current Investors: N/A
Recent Milestone 🎉: $22m in FUM, 6,000 customers