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Even well-funded fintech companies are laying off workers

TechCrunch

Schulman added: “Over the past year, we made significant progress in strengthening and reshaping our company to address the challenging macro-economic environment…While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do.

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OkHi gets $1.5M seed extension to scale its smart address verification service across Africa

TechCrunch

But the challenge of address verification has a broader impact on the socio-economic environment. According to a survey conducted by OkHi, a smart addressing startup on hundreds of Nigerians, 78% stated they were required to prove their address to get a job. Timbo Drayson founded the company in 2014.

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Leapfin pulls together financial info across data siloes to simplify reporting

TechCrunch

A year after he left Zynga in 2014, he launched Leapfin to help solve this problem. He believes that a product like this can thrive even in a down economic environment. “We We are a bit fortunate that we haven’t been impacted by this recession and inflationary environment.