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

TechCrunch

While a large part of the Trueworks platform is about supporting so-called “instant verifications,” sometimes it’s not always possible to do so, depending on the individual’s personal employment history and status, meaning that a lender has to revert to collecting paper payslips and documents.

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On Deck tried to do it all. Now, it’s trying to do less, better

TechCrunch

Our team worked tirelessly to expand and cover a large surface area,” the co-founders wrote in a blog post addressing the latest layoff. Sources say a term sheet — a document — was put on the table. However, this broad focus also caused substantial tensions.