About TrueBiz
TrueBiz is a company based in New York (United States) founded in 2022 by Danny Hakimian. TrueBiz has raised $2.53 million across 2 funding rounds from investors including Flourish Ventures, The Fintech Fund and Y Combinator. TrueBiz offers products and services including Web Presence Review, Merchant Monitoring, and Risk Sharing Network & Smart Blocklist. TrueBiz operates in a competitive market with competitors including Perfios, Signicat, Onfido, IDfy and Digio, among others.
- Headquarter New York, United States
- Founders Danny Hakimian
- SectorsFinancial ServicesTechnology
- Website truebiz.io
- Social LinkedIn
- Legal Name Truebiz, Inc.
- Total Equity Funding$2.53M (USD)
in 2 rounds
- Latest Funding Round$2.4M (USD), Seed
Jan 2023
- InvestorsFlourish Ventures
& 3 more
Products & Services of TrueBiz
TrueBiz offers a comprehensive portfolio of products and services, including Web Presence Review, Merchant Monitoring, and Risk Sharing Network & Smart Blocklist.
Analyzes merchant websites and reputation in under 30 seconds.
Detects changes in merchant business models and closure risks.
Flags repeat offenders and shares fraud cases across networks.
Funding Insights of TrueBiz
TrueBiz has successfully raised a total of $2.53M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.4 million completed in January 2023. 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 $2.53M
- Total Rounds 2
- Last Round Seed — $2.4M
- First Round $125,000
(Jun 2022)
- Investors Count 4
All 2 funding rounds of TrueBiz with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2023 | $2.4M | Seed | – | Flourish | |
| Jun 2022 | $125,000 | Seed | – | Y Combinator | – |
4 investors in total: 4 institutional.
Investors in TrueBiz
TrueBiz has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Flourish Ventures, The Fintech Fund and Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs. | – | flourishventures.com | Redwood City, United States | |
Investments in early-stage fintech and DeFi startups are managed. | – | thefintechfund.com | New York, United States | |
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Capital and counsel are provided to mission-driven founders by Homebrew. | – | homebrew.co | Burlingame, United States |
Investor details for TrueBiz
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of TrueBiz
2 people are tracked at TrueBiz (1 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Danny Hakimian | Founder & CEO | Leadership |
Matthew Sewell | Founding Engineer | Team |
Complete people profiles for TrueBiz
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of TrueBiz
3 dated milestones of TrueBiz across 1 years, from founding to its latest funding, stage changes and deals.
- Founded TrueBiz is founded.
- Funding First funding round of $125K.
- Funding Latest funding round, Seed, of $2.4M.
Competitors of TrueBiz
TrueBiz 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 Perfios, Signicat, Onfido, IDfy and Digio, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| perfios.com | 2008 | Bengaluru, India | $258.77M | – | Provides financial technology solutions for data analysis and verification globally. | |
| signicat.com | 2006 | Trondheim, Norway | $2.09M | 150 | Software solutions for identity management are provided via APIs. | |
| onfido.com | 2012 | London, United Kingdom | $242.38M | 516 | Identity verification solutions are provided, including document and biometric authentication. | |
| idfy.com | 2011 | Mumbai, India | $56.03M | 587 | Identity verification, background screening, and fraud prevention solutions are provided. | |
| digio.com.br | 2016 | Sao Paulo, Brazil | – | – | Mobile platform offering credit cards | |
| hidglobal.com | 1991 | Austin, United States | – | – | Cloud-based physical identity and access management systems are developed. | |
| encompasscorporation.com | 2011 | Glasgow, United Kingdom | $197.68M | 206 | Corporate Digital Identity and KYC solutions are provided by Encompass. | |
| kriya.co | 2010 | London, United Kingdom | $451.59M | 130 | Diversified business loans, payments, and authentication solutions are provided online. | |
| unico.io | 2007 | Sao Paulo, Brazil | $337.34M | – | Digital identity solutions company providing facial biometrics and digital admission solutions | |
| trulioo.com | 2011 | Vancouver, Canada | $477.19M | – | Identity verification platform |
Detailed competitors of TrueBiz
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of TrueBiz
The website of TrueBiz (truebiz.io) receives about 2K visits a month.
- Monthly visits2K
▼ 20.4% vs previous month
Latest news on Truebiz
Complete news archive for TrueBiz
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to TrueBiz
10 companies that operate in the same segment as TrueBiz (Regulatory & Compliance Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based anti-money laundering solutions are provided for compliance. | 2014 | London, England, United Kingdom | USD 167.21 M | USD 45.67 M | 443 | |
CLEAR is focused on secure identity verification for seamless experiences. | 2010 | New York, New York, United States | USD 135 M | USD 900.78 M | 4,019 | |
Automated and expert-led identity verification services are provided. | 2010 | Munchen, Bayern, Germany | USD 40 M | – | 29 | |
AI-based fraud prevention for e-commerce payments is provided. | 2013 | New York, New York, United States | USD 232.02 M | USD 346.08 M | 693 | |
AI-powered data and decision intelligence solutions are provided for businesses. | 2016 | London, England, United Kingdom | USD 546.08 M | – | – | |
Facial recognition and AI video analysis solutions are provided. | 2011 | Beijing, China | USD 1.98 B | – | – | |
Compliance management solutions for financial institutions | 2014 | New York, New York, United States | USD 461 M | – | – | |
Identity verification, background screening, and fraud prevention solutions are provided. | 2011 | Mumbai, Maharashtra, India | USD 103.31 M | – | – | |
Software solutions for identity management are provided via APIs. | 2006 | Trondheim, Trøndelag, Norway | USD 2.09 M | USD 72.04 M | 150 | |
AI-driven image recognition for emotion and activity analysis is provided. | – | Boston, Massachusetts, United States | USD 59.7 M | – | 40 |
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Frequently Asked Questions about TrueBiz
TrueBiz was founded in 2022.
TrueBiz is headquartered in New York, United States. It is registered at New York, New York, United States.
Danny Hakimian is the current CEO of TrueBiz. They have also founded this company.
TrueBiz is a funded company, having raised a total of $2.53M across 2 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Jun 2022.
TrueBiz was founded in 2022 and is based in New York, United States. Document processing solutions are offered by the company within the compliance and fintech sector. Operations focus on automating the review of enterprise documents during Know Your Business (KYB) procedures. Uploaded files are examined, with data extracted and cross-verified against public records to support verification tasks. Geography-specific adaptations are incorporated where relevant for U.S.-based enterprises.
TrueBiz offers Web Presence Review, Merchant Monitoring, and Risk Sharing Network & Smart Blocklist.
TrueBiz has 4 investors. Key investors include Flourish Ventures, The Fintech Fund, Y Combinator, and Homebrew.
TrueBiz operates through Truebiz, Inc..