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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

The company has raised tens of millions in venture capital from investors, including Founders Fund, Village Global and Tiger Global. On Deck Scale is for founders of high-growth, venture-scale companies and costs $10,000 per year. Sources say a term sheet — a document — was put on the table.