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

TechCrunch

Sources say a term sheet — a document — was put on the table. It’s not unheard of to see firms yank term sheet offers after committing due diligence or in response to a worsening economic environment, despite the fact that it can ruin a round.

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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. “Contracts are an invaluable source of original data — documenting and governing the entitlements and obligations between a company and its suppliers, customers and employees.