Clearco lays off 25% of staff; & more!

Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: This podcast episode is sponsored by Mercuryo. With the help of their cryptopowered toolbox, Mercuryo enables companies to take advantage of both fiat and crypto worlds and provide innovative payment solutions for end-customers. NEWS HIGHLIGHT Clearco lays off 25% of staff. Toronto-based ecommerce lender Clearco has laid off 125 employees – 25 percent of its current staff. The company’s co-founders, Michele Romanow (CEO) and Andrew D’Souza (executive chairman), shared the news in a company-wide memo, citing the macroeconomic environment for the need to cut its workforce. Link here. FINTECH NEWS #fraudprevention Provenir selects Fourthline, a global leader in AI-powered risk decisioning software selects Fourthline’s fraud detection to enable its customers to make smarter data-driven decisions. Link here. #cryptowallet Mercuryo selected by iToken for crypto wallet purchases. iToken, a leading DeFi non-custodial wallet, has announced its integration with Mercuryo, a global payments solution platform, as its sole fiat on-ramp to its mobile wallet. Link here.