Fraction Technologies announces $289 million CAD in debt, equity financing as it looks to disrupt reverse mortgages
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 launch of its initial product, the Fraction Appreciation Mortgage, which allows customers to convert u...
Source: betakit.com