Fraction Technologies News Today

Toronto-based Bloom has raised $7 million in Series A funding to make applying for reverse mortgages easier.

If you bought Zillow stock last year, you’re in the money. Shares of the listing giant shot up nearly 20 percent last week, breaking $200 per share on Feb. 11, a day after Zillow reported better-than-projected earnings for 2020. To put that in perspective, the stock is now up 280 percent from last year at this time, when it was trading around $50 per share. (And yes, that’s before it plunged to around $20 on Covid fears.) Now, a slew of analysts think it could go even higher: Citi raised it...

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Fraction Technologies announces $289 million CAD in debt, equity financing as it looks to disrupt reverse mortgages Vancouver-based startup Fraction Technologies on Wednesday announced $289 million CAD in a mix of equity and debt financing. Fraction is a startup at the intersection of FinTech and Proptech, focused on providing what it calls “socially conscious financial solutions.” With the announcement of its funding, Fraction is coming out of “stealth mode” with the la...