Several key people are serving notice periods (CTO, Risk PM, Data head). OH layoff rumors too Any thoughts
Collapsing is a strong word. It looks like the Company hasn't raised a round since early 2015. Probably safe to assume that If they don't raise one this year that things aren't going great. Lending is one of the older verticals in fintech. It's matured and not much funding is available for early and mid stage companies. The market has coalesced around a few winners (Kabbage, SoFi, OnDeck etc). It's a tough industry dynamic for fundraising. I've always thought Intuit would be the best natural owner of this business. That calculus is now muddied by the fact that Intuit is building out their own lending business.
Shit! The year ended
Looks like the general counsel is also on his way out. We haven't been able to hire a head of compliance either.
Well it's a good thing Blind is not popular in Tel Aviv 🤣
Any truth?