Toronto-based Bloom Finance has launched SafeRate, the country’s first reverse mortgage with a lifetime fixed interest rate, giving Canadian homeowners aged 55 and older new tools to manage retirement finances amid rising living costs. [Read more…] about Bloom Finance Launches Canada’s First Lifetime Fixed-Rate Reverse Mortgage
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10 Canadian Fintech Startups to Watch in 2025
Canada’s fintech sector is entering a phase of rapid growth, driven by rising demand for digital financial solutions and strong investor support.
In 2024, Canadian fintech startups secured significant funding and formed key partnerships, reflecting the industry’s potential for innovation and scalability. [Read more…] about 10 Canadian Fintech Startups to Watch in 2025
Bloom Unveils Latest Fintech Feature Aimed at Canada’s Retired Homeowners
A Canadian financial technology firm today introduced a payment card targeting Canadian homeowners aged 55 and older.
Toronto’s Bloom Finance says that its new Bloom Home Equity Prepaid Mastercard addresses a “pressing need for innovation within the financial landscape for . . . the unique requirements of Canadian retirees who own their homes.” [Read more…] about Bloom Unveils Latest Fintech Feature Aimed at Canada’s Retired Homeowners
Bloom Expands Home Equity Release Platform to Alberta
Bloom has announced the launch of its home equity release platform for 55+ homeowners across Alberta.
The Canadian fintech startup looks to simplify the process of accessing home equity through a reverse mortgage, enhancing Canadians’ financial flexibility in retirement.
[Read more…] about Bloom Expands Home Equity Release Platform to Alberta
Bloom Finance Raises $7 Million to Revolutionize Canadian Reverse Mortgage Market
Bloom Finance today announced the closing of a $7 million Series A financing round led by SixThirty Ventures.
The Canadian fintech startup looks to simplify the process of accessing home equity through a reverse mortgage, enhancing Canadians’ financial flexibility in retirement. [Read more…] about Bloom Finance Raises $7 Million to Revolutionize Canadian Reverse Mortgage Market
Bloom Expands Home Equity Release Platform to British Columbia
Bloom Finance today announced the launch of its home equity release platform for 55+ homeowners across British Columbia.
The expansion into BC builds on Bloom’s successful launch in Ontario last year. [Read more…] about Bloom Expands Home Equity Release Platform to British Columbia
Bloom Launches Modern Home Equity Release Platform for 55+ Canadians
Toronto’s Bloom Finance has officially launched its home equity release platform for 55+ homeowners across Ontario.
Bloom looks to simplify the process of accessing home equity through a reverse mortgage, enhancing Canadians’ financial flexibility in retirement. [Read more…] about Bloom Launches Modern Home Equity Release Platform for 55+ Canadians