Canadian identity verification company Trulioo has achieved a valuation of US$1.75 billion following a US$394 million Series D funding round, which was led by TCV and joined by Citi and American Express.
Additionally, Blumberg Capital and Mouro Capital participated in the funding round for the Vancouver-based firm, which offers real-time verification services for 5 billion consumers and 330 million business entities globally, all accessible through a single API integration.
This funding comes as Trulioo capitalizes on the rapid shift towards a digital-first environment. Over the past year, the company has doubled its revenues, ventured into new markets, and established offices in Dublin, Austin, and San Diego.
Steve Munford, CEO of Trulioo, stated: “This new round of funding will accelerate our goal to become an end-to-end identity platform. Our vision is to eliminate the fragmented data silos created by disparate identity networks, and we will collaborate with TCV to enhance our investments in product innovation, develop AI/ML capabilities, and advance our global go-to-market strategy.”