Fraction
Curated by SignalConsumer asset-backed loan platform enabling homeowners to access equity.
Overview
Fraction is a fintech company that specializes in consumer asset-backed loans, particularly in the area of mortgage lending services for homeowners. The platform enables individuals to utilize their home equity without the obligation of monthly mortgage payments or the risk of prepayment penalties. Fraction employs artificial intelligence and machine learning technologies to evaluate asset values and assess borrower creditworthiness, which contributes to expedited loan approvals and competitive interest rates. The company primarily targets homeowners in British Columbia and Ontario, with intentions to expand its services across North America. Fraction offers flexible loan terms and fixed interest rates, aiming to provide accessible financing options that allow users to diversify their income, acquire second homes, or support retirement through a digital application process.
Key facts
- Founded
- 2018
- Headquarters
- Hong Kong, China
- 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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Contact
- Primary office
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- Phone
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Open roles
1 roleMarketing Specialist
Vancouver, BC · On-site · Full-time
