Trunomi

regtechcompliancedata management

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 08/09/2020

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About

Trunomi is the multi-award-winning Consent Management and Personal Data Rights Platform driving a new level of transparency and trust between business and consumers. With patented, bank-grade technology, companies can now demonstrate how they take care of their consumer data like never before. Trunomis TruCert technology provides immutable proof around Consent Management and Personal Data Rights. Data subject requests are fulfilled at the click of a button, and, for the first time, businesses can see the rights they have across their entire company from a single, easy-to-use dashboard, allowing them to make new and informed decisions around consumer data. Trunomi makes trust a competitive advantage for businesses around the globe. Changes to legislation, including GDPR, PSD2 and other global standards, mean companies increasingly find themselves under pressure to prove they process consumer data to the highest standards. Trunomi can evidence compliance with immutable proof at a global scale. If you love your customer, you will love Trunomi.

MEDICI Analysis

Trunomi, Inc. operates a consent-based data-sharing platform to streamline the customer verification process for financial industry clients in the United States and internationally. It enables customers to digitally control and share their personal data via a personal data store in compliance with data privacy regulations. The platform can be divided into enterprise dashboard, customer data stores, and consent certification.

Focus

PRODUCTS & SERVICES

The platform provides customer consent and data rights management which enables a business to request, receive, and capture customer consent to use their personal data. For businesses, it creates consent receipts and converts them to customer data rights, which are accessible across all data systems.

REVENUE MODEL

B2B, subscriber. We charge the financial institution for using their highly secured data sharing platform.

MAIN CLIENTS

Visa

KPMG

Appleby

Saturn Partners

PRIMARY PROBLEM SOLVED

- Manage customer consent and data rights - Comply with EU General Data Protection Regulation (GDPR) - Empower your customers to share more data - Direct digital marketing with consent - Personalize customer experience - All in compliance with stringent new global data privacy and protection regulations

COMMENT

The onsent-based platform revolutionises the way financial institutions interact with customer data, in full compliance with data privacy regulations.

company provided insights

Traction

REVENUE

$0 - $99k

People

FOUNDERS

Stuart Lacey

BOARD MEMBERS AND ADVISORS

Fred Thiel

William Guttman

Don Mackenzie

James Donnelly

Graham Pewter

Aaron Smith

David Mallon

Kim Perdikou

Stephen Davidson

Prakash Chandra

John Malone

Charles Thresh

Niklas Traub

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Allectus Capital

CloudScale Capital

Fenway Summer Ventures

Fintonia Group

Persistent Systems

Saturn Partners

SenaHill Partners

WorldQuant Ventures

Fintonia

Saturn Ventures

World Quant Ventures

KEY EMPLOYEES:

Stuart Lacey(CEO)

Momentum

FUNDED

NO

TOTAL FUNDING

$10.5 M

DATE OF LAST FUNDING

Jan 2018

TOTAL FUNDING COMMENT

The company is planning to use the fund to manage the rapid increase in demand for its technologies and to continue its global expansion(Jan 2018).

SEED & PRIOR FUNDING

$7 M

SEED CLOSED ON

Sep 2016

LISTED

NO

Innovation Programs

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Trunomi

About

Trunomi unlocks the power of customer data using consent and data rights. Trunomi provides customer consent and data rights management technology which enables businesses to request, receive and capture customer consent to the use of their personal data. For the business we create consent receipts and convert them to customer data rights accessible across all data systems. We enable businesses to comply with EU GDPR, data privacy laws and replace inefficient and costly legacy approaches. For the customer we provide control and transparency over how their personal data is used.

Focus

PRODUCTS & SERVICES

- GDPR Customer Consent solution - Data rights management database & dashboard - Regulatory compliant audit certification, TruCert

REVENUE MODEL

B2B, subscriber. We charge the financial institution for using their highly secured data sharing platform.

TOP PROBLEM SOLVED

- Manage customer consent and data rights - Comply with EU General Data Protection Regulation (GDPR) - Empower your customers to share more data - Direct digital marketing with consent - Personalize customer experience - All in compliance with stringent new global data privacy and protection regulations

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

The European union has set out new legislation intended to reform the legal framework for ensuring the rights of EU citizens. The new legislation defined as the “General Data Protection Regulation” (GDPR) enables individuals to better control their personal data (E.g. Name, Address, IDs, location data, online identifiers, genetic info, etc). The new regulation is intended to establish one single set of rules across Europe, however GDPR has a far reaching global impact on data security. No matter where you are based, any organization that does business with EU citizens must comply with the GDPR's expanded and more stringent data protection rules which are enforced by regulators from 25 May 2018. Trunomi is solving the huge compliance burden of the EU GDPR in a unique and revolutionary way; by empowering customers to manage and safely share personal data, with consent and control. Trunomi does not see or hold any customer data, and implements with existing applications and identity and access management protocols.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Small and Medium Business - Online Retail

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

Traction

ANNUAL REVENUE:

$0 - $99k

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

CHANNEL STATUS

INITIAL CLIENTS

People

NUMBER OF EMPLOYEES

1-10

BOARD MEMBERS AND ADVISORS:

William Guttman, Don Mackenzie, James Donnelly, Graham Pewter, Aaron Smith, David Mallon, Kim Perdikou, Stephen Davidson, Prakash Chandra, John Malone, Charles Thresh, Niklas Traub, Fred Thiel

INVESTORS:

Fenway Summer LLC

Fintonia Group

KPMG

Persistent Ventures

Saturn Partners

SenaHill Partners

WorldQuant

Momentum

FUNDED

YES

TOTAL FUNDING:

$6 M

LISTED

NO

FUNDING SERIES
Seed
Sep 2016
Fintonia Saturn Ventures World Quant Ventures SenaHill Partners