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Credifi lays off a quarter of its staff

CEO Ely Razin

Data startup Credifi laid off a quarter of its staff last month shortly after raising a $6 million bridge round. The company provides commercial lenders with a database on commercial real estate loans.

  • Dig Deeper: Credifi failed in their bid to gain new customers in the financial industry, which would have expanded the net of potential clients.
  • Spin Master: CEO Ely Razin blamed the layoffs on new “automation” that “results in a change of the workforce.” 

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