Vancouver’s Trulioo has raised a total of $70 million in new funding, including $60 million in Series C financing led by Goldman Sachs Growth Equity, with participation from Citi Ventures, and Santander InnoVentures.
Existing investors American Express Ventures, Blumberg Capital and BDC Capital also participated in the round.
The Vancouver-based global identity verification provider has raised $96.6 million since 2011.
The funding round will lead the company into its next growth phase, including scaling up operations in new markets to tackle today’s most pressing global problems associated with verifying identities, furthering financial inclusion and safeguarding trust and privacy.
Trulioo expects to grow its headcount to 200 people from 130 today, with hiring planned across its Vancouver, San Francisco and Dublin offices.
“Today, families, businesses and entire economies are being powered by the global shift towards a truly digital economy, which is exciting but also opens up new forms of risk,” said Stephen Ufford, CEO and founder of Trulioo.
“We’re committed to leveraging technology to help our customers fight financial crime, money laundering and election fraud. I’d like to thank our investors for their trust in the work we are doing and for enabling us to push forward our solutions that transcend boundaries and channels, and which facilitate trusted transactions from anywhere, instantly.”
Trulioo provides instant global identity verification for five billion consumers and more than 250 million business entities in over 195 countries — all through a single API integration.
The company serves customers in a wide range of industries including technology, banking, retail, payments, online marketplaces and social media networks.
Trulioo was founded on the belief that a digital identity can have a profound impact, especially in developing countries where most citizens do not have a record of their existence. By providing them with a digital footprint, this underbanked population is no longer invisible; they are included.
Trulioo is hiring in Vancouver.
