With the digital economy rapidly growing, companies want to optimize their onboarding workflows to make the user experience seamless, while continuing to meet Know Your Customer, Anti-Money Laundering and other regulatory and fraud prevention requirements.
The acquisition accelerates the delivery of an enhanced end-to-end identity platform by combining Trulioo GlobalGateway, the world’s largest data and identity services network for both business and individual verification, with a full suite of orchestration, onboarding workflow and risk management capabilities.
Together, Trulioo and HelloFlow will ensure customers can do exactly that through a single unified platform, providing an unrivaled offering in the identity verification industry.
HelloFlow’s no-code platform that allows organizations to easily build and deploy digital onboarding journeys in minutes. The intuitive drag-and-drop interface removes time consuming and expensive development costs while giving businesses of all sizes the ability to manage their global customer lifecycles.
“Establishing and securing trust online is a foundational step for all digital activity,” says Steve Munford, Trulioo President and CEO.
“Our ability to verify both businesses and individuals globally combined with HelloFlow’s advanced orchestration delivers unmatched capabilities and helps us accelerate an end-to-end identity platform that meets the evolving needs of our customers.”
The estimated $50 million-plus acquisition comes after another year of explosive growth for Trulioo, continued global expansion of their go-to-market presence and the addition of a number of key executives.
Trulioo plans to continue strengthening its global presence in 2022 by doubling the size of its team and continuing to expand its footprint around the world.
HelloFlow’s current locations and operations will support the company’s European expansion; positioning Trulioo well for further growth and allowing it to continue providing additional excellent service to its robust client roster in the region.