Bloom
Curated by SignalConsumer asset-backed loans enabling financial flexibility for retirees.
Overview
Bloom is a fintech company that specializes in consumer asset-backed loans, particularly focusing on reverse mortgage solutions for homeowners aged 55 and above in Ontario, British Columbia, and Alberta. The Bloom Reverse Mortgage™ enables individuals to access a portion of their home equity, allowing them to borrow up to 55% of their home value without the requirement of making regular payments. This product aims to provide financial flexibility during retirement, featuring low interest rates and borrower protections. Bloom utilizes artificial intelligence (AI) and machine learning (ML) technologies to assess asset values and borrower creditworthiness, which contributes to the efficiency of the loan approval process. The platform is designed to meet the needs of retirees who wish to utilize their home equity while allowing them to remain in their homes and receive tax-free proceeds.
Key facts
- Founded
- 2020
- Headquarters
- Toronto, Canada
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Lending
Business model
- GTM channel
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- 2 products and services
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- Commercial model
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Contact
- Primary office
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- Phone
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Open roles
2 rolesBusiness Development Manager
Vancouver, BC · Remote · Full-time
Responsible Individual (Arizona)
Arizona, United States · Remote · Full-time
