About TrueAccord
TrueAccord is a company based in Lenexa (United States) founded in 2013.. TrueAccord has raised $78.05 million across 6 funding rounds from investors including Assurant, Khosla Ventures and Arbor Ventures. The company has 224 employees as of December 31, 2023. TrueAccord offers products and services including HeartBeat and Late Stage Collections. TrueAccord operates in a competitive market with competitors including CreditNirvana, Valon Mortgage, InDebted, CredFlow and Satago, among others.
- Headquarter Lenexa, United States
- Employees 224 as on 31 Dec, 2023
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Trueaccord Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$78.05 M (USD)
in 6 rounds
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Latest Funding Round
$49.05 M (USD), Series C
Jun 06, 2022
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Investors
Assurant
& 11 more
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Employee Count
224
as on Dec 31, 2023
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Products & Services of TrueAccord
TrueAccord offers a comprehensive portfolio of products and services, including HeartBeat and Late Stage Collections. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Machine learning tool for optimizing debt recovery engagement.
Services for handling advanced debt recovery processes.
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Software Development Team
34 people
Product Management Team
13 people
Leadership Team
10 people
Data Analysis and Operations Team
9 people
Sales and Marketing
8 people
Client Team
5 people
Sr. Team
4 people
Operations Team
4 people
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Funding Insights of TrueAccord
TrueAccord has successfully raised a total of $78.05M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $49.05 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $49.1M
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First Round
First Round
(07 Oct 2013)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series C - TrueAccord | Valuation |
investors |
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| Apr, 2019 | Amount | Debt – Conventional - TrueAccord | Valuation |
investors |
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| Nov, 2017 | Amount | Series B - TrueAccord | Valuation | Arbor Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TrueAccord
TrueAccord has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Assurant, Khosla Ventures and Arbor Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in financial services are made by Arbor Ventures.
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Founded Year | Domain | Location | |
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Tech focused early stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Investments in technology startups are made by Felicis Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TrueAccord
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TrueAccord
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Trueaccord Comparisons
Competitors of TrueAccord
TrueAccord operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CreditNirvana, Valon Mortgage, InDebted, CredFlow and Satago, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI/ML-driven debt management platform is offered for financial institutions.
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| domain | founded_year | HQ Location |
Cloud-native marketplace for mortgage loans
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| domain | founded_year | HQ Location |
Cloud-based debt collection solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Cashflow management platform is offered to small and medium enterprises.
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| domain | founded_year | HQ Location |
Provider of a risk management platform for businesses
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| domain | founded_year | HQ Location |
AI-enabled accounts receivable solutions are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Trueaccord
Frequently Asked Questions about TrueAccord
When was TrueAccord founded?
TrueAccord was founded in 2013.
Where is TrueAccord located?
TrueAccord is headquartered in Lenexa, United States. It is registered at Lenexa, Kansas, United States.
Is TrueAccord a funded company?
TrueAccord is a funded company, having raised a total of $78.05M across 6 funding rounds to date. The company's 1st funding round was a Series B of $22M, raised on Oct 07, 2013.
How many employees does TrueAccord have?
As of Dec 31, 2023, the latest employee count at TrueAccord is 224.
What does TrueAccord do?
TrueAccord was founded in 2013 and is based in Lenexa, United States. Analytics-driven debt recovery services are offered to enterprises, small businesses, and freelancers across sectors such as banking, credit unions, retail, e-commerce, technology, and real estate. Machine learning automation is utilized to schedule and send messages, incorporating behavioral analytics and a customer-focused approach to facilitate revenue recovery while supporting consumer debt resolution.
Who are the top competitors of TrueAccord?
TrueAccord's top competitors include CreditNirvana, Valon Mortgage and InDebted.
What products or services does TrueAccord offer?
TrueAccord offers HeartBeat and Late Stage Collections.
Who are TrueAccord's investors?
TrueAccord has 12 investors. Key investors include Assurant, Khosla Ventures, Arbor Ventures, Nyca Partners, and Felicis Ventures.
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