Bloom Finance Company Ltd. recently closed a $7M Series A financing round. The financing was led by SixThirty Ventures.
Bloom plans to use the funding to accelerate investments in product and process innovation. The company also aims to expand its geographic reach.
Ben McCabe is the CEO of Bloom Finance Company Ltd. Bloom specializes in home equity release solutions for homeowners aged 55 and above.
Their solutions allow homeowners to access the wealth they've built in their homes to support retirement living expenses. Bloom has been utilizing technology and innovation to deliver its products.
The company has experienced significant growth since its launch in late 2021
So far, Bloom has provided nearly $100 million in financing to homeowners in Ontario and British Columbia