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Fintech companies, which have different business models and funding structures, are taking steps to strengthen their funding, including finding long-term investors willing to ride out a shaky economy, seeking out additional loan buyers and, for those with a bank charter, relying more on deposits.
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“We’re in a bit of a paradigm shift now, going from using what historically would have been purely at-will capital to finding more permanent-style, long-term capital partners,” Mr. Datta said. The company said it’s early in the process of searching for those investors, and declined to provide additional details.
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