When was Fraction founded?

Fraction was founded in 2018 and raised its 1st funding round 3 years after it was founded.

Where is Fraction located?

Fraction is headquartered in Vancouver, Canada.

How many employees does Fraction have?

As of Mar 31, 2026, the latest employee count at Fraction is 21.

Is Fraction a funded company?

Fraction is a funded company, having raised a total of $247M across 3 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on Feb 10, 2021.

When was the latest funding round of Fraction?

Fraction's latest funding was a $***** Series D round on Oct 20, 2021, with participation from 5 investors.

Where does Fraction rank among its competitors?

Fraction ranks 2nd amongst 3 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Bloom, which secured $5.18M in May, 2023.

Fraction - 2026 Company Profile, Team, Funding & Competitors

Fraction is a series D company based in Vancouver (Canada), founded in 2018 by Hayden James and Josh Baker. It operates as an Online platform for reverse mortgage loans. Fraction has raised $247M in funding from investors like QED Investors, Global Founders Capital and Impression Ventures. The company has 3 active competitors, including 2 funded and 1 that has exited. Its top competitors are Bloom and Canadian Capital Mortgages.

Company Details

Online platform for reverse mortgage loans. It allows borrowers to convert up to half of their home equity into tax-free cash. It also renews the agreement after five years.

Website: fraction.com
Social
Email ID: *****@fraction.com
Phone Number: +1 **********

Key Metrics

Founded Year

2018

Location

Vancouver, Canada

Stage

Series D

Total Funding

$247M in 3 rounds

Latest Funding Round

Series D, Oct 20, 2021, $*****

Investors

QED Investors & 4 more

Ranked

2^nd among 3 active competitors

Employee Count

21 as on Mar 31, 2026

Similar Companies

Unison & 11 more

View Fraction's full profile

Fraction has raised a total funding of $247M over 3 rounds. Its first funding round was on Feb 10, 2021. Its latest funding round was a Series D round on Oct 20, 2021 for $*****. 5 investors participated in its latest round. Fraction has 5 institutional investors.

Here is the list of recent funding rounds of Fraction:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 20, 2021	6787887	Series D	3218826	9747072	1114006	8053372
Feb 10, 2021	9823766	Series D	1525037	1333363	5756007	3551578
Feb 10, 2021	6136722	Conventional Debt	3838099	5407658	7363541	Impression Ventures & 3 more

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View details of Fraction's funding rounds and investors

The founders of Fraction are Hayden James and Josh Baker.

Here are the details of Fraction's key team members:

Hayden James: Co-Founder & CEO of Fraction and founder of 1 other company.
Contact Info: 1 email address
Josh Baker: Co-Founder & CTO of Fraction.

View details of Fraction's Founder profiles and Board Members

Fraction's employee count trend

Fraction has 21 employees as of Mar 26. Here is Fraction's employee count trend over the years:

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Top competitors of Fraction include Bloom and Canadian Capital Mortgages. Here is the list of Top 10 competitors of Fraction, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bloom 2020, Toronto (Canada), Series A	Online platform for home equity financing	$5.18M	SixThirty, Ashbridge Partners	49/100
2nd	Fraction 2018, Vancouver (Canada), Series D	Online platform for reverse mortgage loans	$247M	Global Founders Capital, QED Investors & 3 others	47/100
3rd	Canadian Capital Mortgages 2016, Woodbridge (Canada), Public	Provider of mortgage brokerage services	-	-	24/100