Edison Financial raised an undisclosed preferred round led by Rock Holdings, the parent company of Quicken Loans. Edison Financial plans to use the funding for product development, to develop and maintain partnerships with top Canadian lenders and insurers, and to expand its team.
Edison Financial is a mortgage broker specializing in working with Canada’s broker channel lenders to help home buyers apply for a mortgage through a streamlined and tailored platform.
Quicken Loans is a United States based mortgage lending company and subsidiary of Rock Holdings.
Osler, Hoskin & Harcourt LLP advised Quicken Loans with a team consisting of Andre Perey, Manveer Bisla (Emerging and High Growth Companies) and Colena Der (Tax).