ODX and Fundation Combine to Form Linear Financial Technologies
ODX LLC and
Fundation Group LLC have agreed to combine and become
Linear Financial Technologies, a provider of digital account origination technology and insights for financial institutions, B2B vendors and SMB service providers. The company provides loan origination, account opening and AI-based analytics solutions to financial institutions and is expanding its SaaS solutions to international clients and clients outside of banking.
Linear will continue to facilitate the origination of Fundation branded credit products to support Linear’s integrated credit and vendor and suppliers solutions business lines. Rounding out Linear’s management team is
ODX and Fundation to Combine and Form Linear Financial Technologies, the Leading Digital Account Origination Platform
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ODX and Fundation to Combine and Form Linear Financial Technologies, the Leading Digital Account Origination Platform
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Why rental arbitrage doesn’t work: Knotel vs. Industrious
Knotel, once gleeful over WeWork’s downfall, succumbed to the pressure of rental arbitrage last week by (finally) filing for bankruptcy.
In recent months, the startup led by CEO Amol Sarva faced mounting lawsuits alleging it stopped paying rent. In a Chapter 11 filing, the flex-office provider listed assets and liabilities between $1 billion to $10 billion.
The bankruptcy filing includes $20 million in financing to aid with Knotel’s sale to Newmark Group a deal that implies there’s a future for flex-office, just not as Knotel had imagined.
And then there’s Industrious. The Brookfield-backed startup, which signs management agreements with landlords, has 3 million square feet of space and plans to add another 1 million in 2021. It has opened three New York locations since the pandemic hit.
Digitization in Lending Market Is Booming Worldwide | RapidAdvance, Wonga Group, FirstCash, Inc
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