Trulioo, a Vancouver, BC, Canada-based global identity verification company, completed a $394M Series D funding round at a $1.75 Billion valuation.
The round was led by TCV, with participation from existing investors Amex Ventures, Citi Ventures, Blumberg Capital and Mouro Capital. In conjunction with the funding, TCV General Partner, Jake Reynolds, and Principal Amol Helekar will join Trulioo’s Board of Directors.
The company intends to use the funds to expand operations and its business reach.
Led by Steve Munford, President and CEO, Trulioo is a global identity verification company, enabling businesses and consumers to transact safely and securely. The platform provides real-time verification of 5 billion consumers and 330 million business entities worldwide — all through a single API integration. Organizations use its identity verification solution, GlobalGateway, to meet their business and compliance requirements and automate due diligence and fraud prevention workflows.
Over the past year alone, the company has expanded into new verticals, grown its leadership team and established a presence in Dublin, Austin and San Diego.