Trulioo secures $15 mln to bring identify verification to banks
Trulioo has raised $15 million in follow-on financing. The investors in the round included American Express Ventures and Trulioo's existing backers: BDC Capital, Blumberg Capital and Tenfore Holdings. With the deal, BDC's Andrew Lugsdin will join the company's board of directors, Based in Vancouver, Trulioo is a provider of identity verification for the online payments industry. It said the new funds will help it grow to support banks in meeting cross-border compliance requirements. To that end, Trulioo will expand its sales team, technical infrastructure and customer support, and acquire data. In 2014, Trulioo raised US$6 million in Series A financing and a strategic investment from UST Global.
14 December 2015•3 mins read
