Growing Market Demand The Canadian senior population holds nearly $1 trillion in home equity, highlighting a significant opportunity for financial services focused on equity release and reverse mortgages to address retirement savings gaps.
Innovative Product Offering Bloom's launch of SafeRate, Canada's first reverse mortgage with a lifetime fixed interest rate, positions the company as an innovator in providing financial certainty, which can appeal to risk-averse older homeowners seeking stability.
Recent Expansion The recent rollout of the home equity release platform across Alberta demonstrates Bloom's growth strategy and regional expansion capabilities, opening opportunities in other provinces with aging populations.
Strong Funding Backing With a successful $7 million Series A funding round led by SixThirty Ventures, Bloom has solid financial backing to support product growth, marketing efforts, and potential partnerships to scale customer acquisition.
Strategic Partnerships Partnerships with firms like ClearEstate point to collaborative opportunities in digital estate planning and reverse mortgage services, enabling cross-selling and integrated solutions tailored to seniors' financial needs.
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$500M$1BBloom Finance Company Ltd. uses 8 technology products and services including Salesforce Marketing Cloud Account Engagement, Microsoft, Heap, and more. Explore Bloom Finance Company Ltd.'s tech stack below.
| Bloom Finance Company Ltd. Email Formats | Percentage |
| First@bloomfin.ca | 86% |
| FLast@bloomfin.ca | 14% |
Financial ServicesOntario, Canada11-50 Employees
Canadian seniors hold nearly $1 trillion of wealth in home equity. At the same time, an increasing number of Canadian seniors are retiring with inadequate savings to last them through retirement. Bloom empowers 55+ Canadians to embrace their retirement years, by enabling seamless access to the wealth they have built in their homes. Bloom Finance Company Ltd. ON#: 13338, BC#: MB600455
Company Overview
Media & News
Funding & FinancialsBloom Finance Company Ltd. has raised a total of $7M of funding over 1 rounds. Their latest funding round was raised on May 16, 2023 in the amount of $7M.
Bloom Finance Company Ltd.'s revenue is estimated to be in the range of $10M$25M
Funding & FinancialsBloom Finance Company Ltd. has raised a total of $7M of funding over 1 rounds. Their latest funding round was raised on May 16, 2023 in the amount of $7M.
Bloom Finance Company Ltd.'s revenue is estimated to be in the range of $10M$25M
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