Trulioo closes USD 394 mln Series D, leading to a USD 1.75 bln valuation

Monday 7 June 2021 13:00 CET | News

US-based identity verification provider Trulioo has announced it has completed a USD 394 million Series D round led by equity firm TCV. 

Apart from TCV, the funding was made with participation from existing investors Amex Ventures, Citi Ventures, Blumberg Capital, and Mouro Capital.  

Trulioo is an identity network enabling companies to reliably onboard customers in a digital-first world. For Trulioo’s customers, this speeds international expansion, mitigates fraud risk, and ensures regulatory compliance. With digital transformation accelerating, the US digital identity market alone is projected to increase to over USD 30 billion by 2023, according to industry consultants at One World Identity, cited in the press release issued by the company,. 

TCV’s investment portfolio includes technology franchises such as Airbnb, AxiomSL, Brex, ByteDance, Clio, Facebook, Klarna, Netflix, Nubank, OneTrust, Payoneer, Revolut, Spotify, Wealthsimple, WorldRemit, and Zillow. 

To learn more about Trulioo, consult the company profile on The Paypers Company Database

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Keywords: funding, digital identity, digital onboarding, KYC
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: United States
This article is part of category

Securing Transactions