Metro2 by Switch Labs vs Bloom Credit
Bloom Credit charges ~$2 per account per month for furnishment — a business with 500 accounts would pay ~$1,000/month compared to the Metro2 by Switch Labs $49/month flat-rate plan. Beyond pricing, Bloom is not self-service software: there is no web UI, no CSV upload, and no way to get started without a sales call and custom contract. Metro2 by Switch Labs is purpose-built for businesses that want direct, self-service control over their Metro 2 files at a fraction of the cost.
Metro2 by Switch Labs
Modern, cloud-based Metro 2 credit reporting software
Bloom Credit
Bloom Credit, founded in 2016 and headquartered in Chicago, is a credit data infrastructure company that provides API-ba...
Pricing Comparison
Flat-rate pricing. No per-account fees. Month-to-month billing with no long-term contracts.
Bloom reportedly charges approximately $2 per account per month for furnishment based on industry estimates — meaning a business with 500 accounts would pay ~$1,000/month compared to the Metro2 by Switch Labs $49/month Growth plan. No public pricing is available to verify. Pricing is per-statement for furnishment, per-inquiry for data access, or per-enrolled-user for consumer permissioned data. Volume discounts available for annual payments and multi-product commitments. Enterprise tier adds custom data retention, higher rate limits, and SLAs (additional fee). Requires sales engagement and custom contracts.
Feature-by-Feature Comparison
See how Metro2 by Switch Labs stacks up against Bloom Credit across key capabilities.
| Feature | Metro2 by Switch Labs | Bloom Credit |
|---|---|---|
Metro 2 Format Generation Generate compliant Metro 2 format files for credit bureau submission | Handled via API — Bloom converts your data to Metro 2 format | |
All Three Bureaus Submit to Experian, Equifax, and TransUnion | Equifax, Experian, TransUnion via managed bureau relationships | |
Real-time Validation Instant validation of data before submission | CRRG-aligned validation engine | 700+ validation checks with 0.07% fatal reject rate |
API Access REST API for programmatic integration | Full REST API from $29/mo | REST + GraphQL APIs with sandbox, OpenAPI specs, Postman collections |
Bulk Upload Upload multiple accounts via CSV or Excel | Drag-and-drop field mapping | No CSV/Excel upload — API integration only |
Error Correction Built-in tools to fix rejected records | Live editor with bulk updates | Can re-furnish corrected data for historical months |
Audit Trail Complete history of all submissions and changes | Via API — client portal reporting still in development | |
Modern UI Clean, intuitive user interface | No self-service web UI — API-only with early-stage client portal | |
No Long-term Contract Month-to-month billing without commitment | Cancel anytime | Custom enterprise contracts with annual discounts |
Transparent Pricing Clear pricing without hidden fees | Published on website | Reportedly ~$2/account/month, no public pricing page — requires sales call |
Automated Bureau Delivery Automated SFTP delivery to credit bureaus on a schedule | Included from SMB plan ($29/mo) | Fully managed — Bloom handles all bureau submission |
Dedicated Support Direct access to support team | Growth team assists with onboarding; SLAs available on Enterprise tier (additional fee) |
Try Metro2 by Switch Labs today
Generate your first Metro 2 file in minutes. Plans start at $19/month.
Bloom Credit: Pros & Cons
Pros
- API-first infrastructure — RESTful and GraphQL APIs with sandbox environment, Postman collections, and OpenAPI specs
- 700+ validation checks before data is reported — claims 0.07% fatal reject error rate (50% below industry average)
- Fully managed bureau relationships — Bloom handles all three bureau connections on your behalf
- Flexible reporting frequency — monthly, semi-monthly, weekly, or even daily furnishment schedules
- Can furnish historically excluded data types like non-credit recurring payments and deposit account behavior
- Historical error correction — can re-furnish corrected Metro 2 files patching prior months of data
Cons
- No self-service option — requires sales engagement, custom contracts, and onboarding with a Bloom representative
- Reportedly expensive — estimated ~$2 per account/month means costs scale rapidly (500 accounts = ~$1,000/month vs. $49/month with Metro2 by Switch Labs)
- No web UI for file generation — purely API-based, requires developer resources to integrate
- You do not control your own bureau relationships — Bloom acts as the intermediary
- Enterprise-focused onboarding — designed for funded fintechs, not small data furnishers or first-time reporters
- Client portal is still in development — limited self-service reporting and account management
When to Choose Bloom Credit
- 1Funded fintechs building credit products that need API-based bureau integration without managing bureau relationships directly
- 2Enterprise lenders and banks that want a managed furnishment layer with flexible reporting frequency
- 3Companies furnishing non-traditional data types (rent payments, deposit behavior) at scale
Why Choose Metro2 by Switch Labs Over Bloom Credit
- Up to 95% cheaper — Metro2 by Switch Labs plans start at $19/month flat vs. Bloom's ~$2/account pricing that can reach $1,000+/month at scale
- Self-service from day one — sign up, upload data, and generate Metro 2 files without a sales call or custom contract
- Full web UI with drag-and-drop CSV mapping, live editor, and bulk updates — no developer resources required
- You own your bureau relationships and control your data directly, rather than depending on a middleware intermediary
- Month-to-month billing with no long-term commitment vs. custom enterprise contracts
Frequently Asked Questions
Common questions about Metro2 by Switch Labs and credit reporting
Ready to switch from Bloom Credit?
See why businesses are choosing Metro2 by Switch Labs for their credit reporting needs. Plans start at $19/month.