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

TechCrunch

automotive, personal loans, and student financing) to verify and approve borrowers quickly within their own applications using Truework’s APIs. The company also supports background checks for employers and staffing companies seeking to verify potential new hires.

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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.