# Fraction: Financial services, Vancouver, Canada

> Fraction: Fraction is a financial technology company based in Vancouver, Canada, founded in 2018. Based in Vancouver, Canada. Founded 2018.

Source: https://millionrounds.com/startup/fraction-5 (Millionrounds; every figure on the page links to its filing or article)

Canada · [Financial services startup](https://millionrounds.com/companies)

# Fraction

Fraction is a financial technology company based in Vancouver, Canada, founded in 2018.

Funding reported Last round: Series A

Financial services Vancouver, Canada

Company summary

- **Founded:** 2018 8 years old
- **Team:** 23 11 to 50 people
- **Funding reported:** 309.2M as listed, currency not stated
- **Last round:** Series A Oct 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Fraction has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Fraction

Fraction is a financial technology company based in Vancouver, Canada, founded in 2018.

It specializes in the mortgage lending and real estate tech sectors, offering the Fraction Mortgage®, a unique home equity access product. This product allows homeowners to access tax-free cash from their home equity without monthly payments, prepayment penalties, or age restrictions. The Fraction Mortgage® enables homeowners to unlock up to 50% of their home equity for various purposes, such as debt reduction, income diversification, purchasing investment properties, funding businesses, or home renovations. Interest accrues but is settled upon the sale of the home or repayment, providing flexible terms and fixed rates. Fraction aims to serve a broad demographic by offering a straightforward process and knowledgeable support, distinguishing itself from traditional loans and reverse mortgages.

## What company datasets say Fraction raised

Funding, as reported

Reported in all **309.2M** in the source's currency

Rounds **3**

Last round **Series A**

Last round size **16M**

Last round date **Oct 2021**

Investors listed **5**

## The company, in detail

What they build

Known for

flexible mortgage terms finance and insurance market-leading mortgage product mortgage and nonmortgage loan brokers loan approval process home equity investment home equity unlock construction & real estate home equity loan no monthly payments mortgage information technology & services fair mortgage solutions financial services finance homeownership support transparent lending process

Built with from their website

Amazon CloudFront Tableau PWA Linkedin Insight Tag Google Workspace Google Optimize CloudFlare Viewport Meta LinkedIn Ads Lucide

+8 more

Hubspot Amazon S3 Webflow Hosting Google Meet NetSuite CloudFlare CDN Twilio SendGrid Email Marketing Campaigns CAPTCHA

- **Sector:** Financial services
- **Industry code:** NAICS 52231, 522292, 531390, SIC 6162, 6531
- **Region:** British Columbia
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/fraction-d32119c584)

## Financial services in Canada

Startups like it

- [**nesto** Montreal · founded 2018 *Raised*](https://millionrounds.com/company/nesto)
- [**Progressa** Vancouver · founded 2013 *Raised*](https://millionrounds.com/company/progressa)
- [**Lendified** Toronto · founded 2015 *Raised*](https://millionrounds.com/company/lendified)
- [**KOHO** Vancouver · founded 2014 *Raised*](https://millionrounds.com/company/koho)
- [**Helcim** Calgary · founded 2006 *Raised*](https://millionrounds.com/company/helcim)
- [**Borrowell** Toronto · founded 2014 *Raised*](https://millionrounds.com/company/borrowell)
- [**FundThrough** Toronto · founded 2014 *Raised*](https://millionrounds.com/company/fundthrough)
- [**Cybrid** Toronto · founded 2021 *Raised*](https://millionrounds.com/company/cybrid)

## Is this your company?

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