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Truework, which helps lenders verify borrowers’ income and employment, raises $50M

TechCrunch

Founded in 2017, San Francisco-based Truework integrates with payroll providers including Gusto, Zenefits and BambooHR, and enables mortgage providers and lenders (e.g. And the current economic environment, it seems, is playing more than a bit-part in this trend.

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Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

“In today’s economic environment, Teampay’s software-led approach has proven resilient — as we saw in late 2020 to 2021, when the economy rebounds, Teampay benefits disproportionately through accelerated growth … We increased our debt facility for additional flexibility in uncertain times.”

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Q&A: How Verizon Small Business Digital Ready Can Help You

StartupNation

To stay competitive in the new economic environment, small businesses must be agile and adapt to shifting consumer preferences. To stay competitive in the new economic environment, small businesses must be agile and adapt to shifting consumer preferences.

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The Equity Seller’s Bubble of 2021 Part 2 • 2022 From a Startup Equity Seller’s to an Equity Buyer’s Market

Angel Capital Association

2022: The Aftermath In 2022 war, inflation, rising interest rates and a tougher economic environment–one not buoyed by historically low interest rates–brought an end to the long-term bull market in assets (the “everything bubble”), including startup capital. From VCs to Investment Advisors… and back again? We Warned You!

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Nigerian B2B e-commerce startup Alerzo cuts 15% of full-time staff in second round of layoffs

TechCrunch

However, the company, feeling the impact of the broader economy after enjoying rapid growth in 2020-21, like many others, wants to restructure and cut back payroll in order to boost profits. And so did its payments arm, which the company delved into via an acquisition in Q4 2021; so far, it has recorded a ₦200 billion run rate.

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Contract lifecycle management vendor Icertis secures $150M in debt to stave off rivals

TechCrunch

By going the debt route, Icertis avoids having to answer the tricky question of valuation in an especially challenging economic environment. The early adoption metrics certainly have been promising, with one recent Bloomberg Law survey showing that more than half of in-house lawyers were using contract management programs in 2020.