Fraction

Fraction is a Canadian fintech company specializing in providing homeowners with access to their home equity without the burden of monthly mortgage payments. They offer a unique no-payment mortgage for up to five years with no prepayment penalties. This innovative approach allows borrowers to use their equity for various purposes, including debt consolidation, investment, business ventures, or purchasing a second home, while enjoying the flexibility of not having to make monthly payments.

Fraction distinguishes itself from traditional lenders by emphasizing transparency, simplicity, and a customer-centric approach. Their platform is 100% online, streamlining the application process and making it accessible to a wider range of homeowners. Fraction also boasts a strong commitment to responsible lending practices, evident in their robust underwriting guidelines and their emphasis on providing clear and straightforward terms.

Fraction offers employees the freedom to work remotely or in the office, providing flexibility in work location. They also offer unlimited paid time off, granting employees greater control over their schedules and promoting work-life balance.

Fraction offers competitive salary and equity, comprehensive medical and dental coverage, the flexibility to work remotely or in-office, unlimited paid time off, and top-of-the-line work gear. They also encourage employees to own their work and make a direct impact across the company.

Fraction's mission is to empower homeowners with fairer and more flexible financial solutions, allowing them to access their home equity without being burdened by monthly payments. They aim to revolutionize the mortgage industry by offering a no-payment mortgage with no prepayment penalties and a simplified, transparent process. This approach gives homeowners control over their finances, enabling them to tackle debt, diversify their income, purchase a second home, or fund retirement, all on their own terms.

Fraction promotes a culture that is both empathetic and innovative, where employees are encouraged to be resourceful and take initiative while fostering a strong sense of community. They value transparency and clear communication, while creating a work environment that is flexible and allows for both remote and in-office work.

Fraction's approach to diversity, equity, and inclusion is centered around building a culture that values empathy and respect. They treat their employees and customers with the highest levels of consideration, and encourage initiative-taking while fostering a sense of belonging. They are committed to hiring diverse talent and creating a work environment where everyone feels comfortable bringing their whole selves to work.