Huge finance news of the day: Credible, a loan marketplace based in San Francisco, sold a majority stake in the company to Fox.
Fox is no stranger to serving you financially. Fox parent News Corp already owns Realtor.com, where tons of people look at home listings and start their homebuying journey.
Credible helps match lenders with people looking for loans. It’s easy to see how a service like that could complement a listing product that already exists under the News Corp umbrella.
Julian has more on the deal here.
In other news, the Federal Reserve and a big European startup are in a race to make U.S. payments faster. Earlier this week, the Fed announced an ambitious play to bring real-time payments to the U.S. money transfer system.
Then, Swedish payments startup Klarna raised $460m to expand its U.S. network. If all ends well, this will mean you’ll be able to get paid and send money faster and with fewer headaches than before.
Next up, Zillow found that except for the housing-fueled Great Recession in 2008, home values tend to rise 4% on average in recession years. So even through economic downturns, real estate can be a sound investment.
All this and more in today’s Linkage. Enjoy.