Trustev secures USD 500K to capitalise on e-commerce

The company has revealed plans to use the capital to fund its expansion across the US as well as invest in the development of its anti-fraud and payment-protection solutions for e-commerce. Trustev’s passive authentication technologies work in the background, confirming and securing the transaction, while its active authentication technologies work to confirm the user’s identity before the purchase is complete.

The company has revealed plans to use the capital to fund its expansion across the US as well as invest in the development of its anti-fraud and payment-protection solutions for e-commerce. Trustev’s passive authentication technologies work in the background, confirming and securing the transaction, while its active authentication technologies work to confirm the user’s identity before the purchase is complete.

In recent news, Trustev, an Irish provider of ‘social fingerprinting’ technology, has secured USD 3 million in a new funding round led by US venture capital fund Greycroft Partners, Mangrove Capital Partners, ACT Venture Capital, Telefónica’s Wayra and Enterprise Ireland.