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.” The card […]
Bloom
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. The expansion into Alberta builds on Bloom’s successful launch in Ontario in 2021 and British Columbia in 2022. Home equity release, also known as a reverse […]