Trulioo

FOUNDING YEAR: 2011
LOCATION: Canada
Last Update: 03/09/2020

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About

Trulioo is the leading global identity verification provider specializing in anti-money laundering (AML) and Know Your Customer (KYC) compliance. Trulioo's identity verification solution, GlobalGateway, provides secure, real-time access to reliable and trusted traditional data sources such as public records, credit files and government data as well as alternative sources including social networks, ad networks, mobile applications, and e-commerce to offer organizations an efficient and effective way to evaluate new and existing users through a single API. Trulioo is tackling one of the most ambitious challenges in global identity verification—to build a universal solution for fraud prevention and compliance systems worldwide. With that goal in mind, Trulioo is helping create a layer of trust on the Internet by providing organizations the ability to verify the identities of more than 4 billion people in over 50 countries, worldwide.

Watch

Trulioo Empowers Tomorrow's Changemakers Through I.D. Verification

MEDICI Analysis

Trulioo is the leading global identity verification provider specializing in anti-money laundering (AML) and Know Your Customer (KYC) compliance. Trulioo's identity verification solution, GlobalGateway, provides secure, real-time access to reliable and trusted traditional data sources such as public records, credit files and government data as well as alternative sources including social networks, ad networks, mobile applications, and e-commerce to offer organizations an efficient and effective way to evaluate new and existing users through a single API. Trulioo is tackling one of the most ambitious challenges in global identity verification—to build a universal solution for fraud prevention and compliance systems worldwide. With that goal in mind, Trulioo is helping create a layer of trust on the Internet by providing organizations the ability to verify the identities of more than 4 billion people in over 50 countries, worldwide.

Focus

PRODUCTS & SERVICES

Global Identity Verification, AML & KYC Compliance, Fraud Prevention, Risk Mitigation, Data Exchange, Trust Enablement

REVENUE MODEL

Transactional

MAIN CLIENTS

Stripe

Square

Braintree

Amazon

Paypal

CMC

Rabo Bank

GE Money

ebay

Kickstarter

Crowdfunder

Odesk

UBS

EXISTING PARTNERSHIPS

Avoka

LexisNexis® Risk Solutions

Experian

IDology

Inc.

Callcredit Information Group,

PRIMARY PROBLEM SOLVED

Trulioo's identity verification solution, GlobalGateway, enables businesses to securely access hundreds of trusted global data sources that have been vetted with strict security and compliance standards to instantly verify customers online through a Noramalized API or SaaS portal. GlobalGateway creates efficiencies for businesses operating globally by bypassing long approval processes and cumbersome integration across borders and jurisdictions. Developed for an international market, GlobalGateway was created to build a layer of trust online by helping businesses and organizations verify identities online to mitigate fraud and financial crime activities. By providing a normalized identity verification solution with custom rule sets that can be used to access 4 billion consumers worldwide to meet cross-border compliance obligations, businesses can easily and quickly onboard customers while complying with international Anti-Money Laundering (AML) and Know Your Customer (KYC) rules, which were previously done manually or in-person across multiple platforms.

Traction

VALUATION / MARKET CAP:

$40.00 in 2015

ACTIVE USERS:

400

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Trulioo

About

Trulioo is the leading global identity verification provider specializing in anti-money laundering (AML) and Know Your Customer (KYC) compliance. Trulioo's identity verification solution, GlobalGateway, provides secure, real-time access to reliable and trusted traditional data sources such as public records, credit files and government data as well as alternative sources including social networks, ad networks, mobile applications, and e-commerce to offer organizations an efficient and effective way to evaluate new and existing users through a single API. Trulioo is tackling one of the most ambitious challenges in global identity verification—to build a universal solution for fraud prevention and compliance systems worldwide. With that goal in mind, Trulioo is helping create a layer of trust on the Internet by providing organizations the ability to verify the identities of more than 4 billion people in over 50 countries, worldwide.

Watch

Trulioo Empowers Tomorrow's Changemakers Through I.D. Verification

Focus

PRODUCTS & SERVICES

Global Identity Verification, AML & KYC Compliance, Fraud Prevention, Risk Mitigation, Data Exchange, Trust Enablement

REVENUE MODEL

Transactional

TOP PROBLEM SOLVED

Trulioo's identity verification solution, GlobalGateway, enables businesses to securely access hundreds of trusted global data sources that have been vetted with strict security and compliance standards to instantly verify customers online through a Noramalized API or SaaS portal. GlobalGateway creates efficiencies for businesses operating globally by bypassing long approval processes and cumbersome integration across borders and jurisdictions. Developed for an international market, GlobalGateway was created to build a layer of trust online by helping businesses and organizations verify identities online to mitigate fraud and financial crime activities. By providing a normalized identity verification solution with custom rule sets that can be used to access 4 billion consumers worldwide to meet cross-border compliance obligations, businesses can easily and quickly onboard customers while complying with international Anti-Money Laundering (AML) and Know Your Customer (KYC) rules, which were previously done manually or in-person across multiple platforms.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

Our vendor and country-agnostic API/ web portal provides a consistent and normalized set of data fields for client service integration, which translates to a cost-effective solution that offers scalability, flexibility and adaptability.

KEY DIFFERENTIATORS

- Normalized API (universal fields) - Flexible integration options - Transparent verification results per individual - Custom rule sets - Secure, reliable and vetted global data sources

Traction

ACTIVE USERS/ACCOUNTS:

400 Million

LIVE USERS/TRANSACTIONS:

Yes, in live production

CHANNEL STATUS

MULTIPLE CHANNELS

People

NUMBER OF EMPLOYEES

11-50

BOARD MEMBERS AND ADVISORS:

David Blumberg, Dan Levine, Andrew Lugsdin, Ellen Moskowitz, Tom Purves, Saurabh Ranjan, Erik Stuart

INVESTORS:

BDC Venture Capital

Blumberg Capital

Plug & Play ventures

Tenfore Holdings

UST Global

Momentum

FUNDED

YES

TOTAL FUNDING:

$2.3 M

LISTED

NO

SEED & PRIOR FUNDING

$2.3 M

SEED PRIOR FUNDING COMMENT

plus undisclosed

FUNDING SERIES

SERIES A  · $6.00  · ---