Trustev, a Cork, Ireland-based technology startup, raised $300k in funding.
Backers included unnamed Irish and international angel investors.
The company intends to use the capital to grow its existing team and expand operations, opening a second office in Europe.
Led by CEO Pat Phelan, Trustev leverages its proprietary social fingerprinting technology to provide real time online identity verification to help combat online ecommerce fraud. It adds a new social verification layer at the front side of the checkout process that pre qualifies potential customers through analysing social data from a wide number of sources including Facebook, Twitter and LinkedIn, while maintaining user privacy at all times.
The company, which currently employs six people, is recruiting additional eight staff (read here).
FinSMEs
15/02/2013