About TrueFi
TrueFi is a company based in San Francisco (United States) founded in 2020 by Rafael Cosman. TrueFi has raised $12.5 million across 1 funding round from investors including BlockTower, Andreessen Horowitz and Alameda Research. TrueFi offers products and services including TrueFi App, TRU Token, and tfUSDC. TrueFi operates in a competitive market with competitors including Airfox, Liquity, Meow, Scallop and hoseki, among others.
- Total Equity Funding$12.5M (USD)
in 1 rounds
- Latest Funding Round$12.5M (USD), Series B
Aug 2021
- InvestorsBlockTower
& 2 more
Products & Services of TrueFi
TrueFi offers a comprehensive portfolio of products and services, including TrueFi App, TRU Token, and tfUSDC.
Application for on-chain credit and lending services in crypto.
Token used for governing the TrueFi protocol and approvals.
Token for transactions within TrueFi's credit infrastructure.
Apps and channels of TrueFi
its YouTube channel TrueFi has 952 subscribers and 13 videos.
Videos from TrueFi
The most watched videos on TrueFi's YouTube channel, TrueFi (952 subscribers). Click a video to play it here.
More on TrueFi.
Funding Insights of TrueFi
TrueFi has successfully raised a total of $12.5M through 1 strategic funding round. The most recent funding activity was a Series B round of $12.5 million completed in August 2021. 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 $12.5M
- Total Rounds 1
- Last Round Series B — $12.5M
- First Round $12.5M
(Aug 2021)
- Investors Count 3
All 1 funding rounds of TrueFi 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 |
|---|---|---|---|---|---|
| Aug 2021 | $12.5M | Series B | – | BlockTower |
3 investors in total: 3 institutional.
Investors in TrueFi
TrueFi has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include BlockTower, Andreessen Horowitz and Alameda Research.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | – | a16z.com | - | |
Cryptocurrency and digital asset investments are managed by the firm. | 2017 | blocktower.com | New York, United States | |
Operates a digital hub for cryptocurrency trading and services. | 2017 | alameda-research.com | San Francisco, United States |
Investor details for TrueFi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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People of TrueFi
3 people are tracked at TrueFi (1 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Rafael Cosman | Co-Founder & CEO | Leadership |
Romain Rechtman | Advisor | Team |
Vivek Saini | Operations | Team |
Complete people profiles for TrueFi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of TrueFi
2 dated milestones of TrueFi across 1 years, from founding to its latest funding, stage changes and deals.
- Founded TrueFi is founded.
- Funding First funding round of $12.5M.
Competitors of TrueFi
TrueFi 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 Airfox, Liquity, Meow, Scallop and hoseki, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| airfox.com | 2016 | Boston, United States | $1.24M | – | Blockchain-based mobile wallet for recharges and loans is offered. | |
| liquity.org | 2020 | Baar, Switzerland | $8.4M | – | Decentralized interest-free loans against Ether are offered in stablecoins. | |
| meow.com | 2010 | Miami Beach, United States | $33.11M | 9 | High-interest business banking services are provided to companies. | |
| scallop.io | 2021 | Tortola, United Kingdom | $3M | – | DeFi protocol for lending and borrowing on the Sui blockchain | |
| hoseki.app | 2021 | United States | – | – | Online crypto-focused lending platform for individuals | |
| sturdy.finance | 2021 | United States | $125,000 | – | Sturdy is focused on isolated lending with shared liquidity. | |
| apricot.one | 2020 | Lahore, Pakistan | $4M | – | A decentralized lending protocol for cryptocurrencies is operated by PocketPK. | |
| minterest.com | 2020 | Tallinn, Estonia | $6.5M | 4 | NFT marketplace and digital asset lending protocol are operated. |
Detailed competitors of TrueFi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of TrueFi
The website of TrueFi (truefi.io) receives about 4.2K visits a month.
- Monthly visits4.2K
▲ 5.9% vs previous month
Latest news on Truefi
Complete news archive for TrueFi
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 TrueFi
10 companies that operate in the same segment as TrueFi (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about TrueFi
TrueFi was founded in 2020 and raised its 1st funding round 1 year after it was founded.
TrueFi is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Rafael Cosman is the current CEO of TrueFi. They have also founded this company.
TrueFi is a funded company, having raised a total of $12.5M across 1 funding round to date. The company's 1st funding round was a Series B of $12.5M, raised on Aug 2021.
TrueFi was founded in 2020 in San Francisco, United States, within the decentralized finance sector. Cryptocurrency lending and borrowing are facilitated without collateral, while yields on stablecoin loans are earned by users. Protocol governance is decentralized, and loan originations are managed through community-driven processes. Operations focus on enabling access to capital in the blockchain ecosystem.
TrueFi offers TrueFi App, TRU Token, and tfUSDC.
TrueFi has 3 investors. Key investors include BlockTower, Andreessen Horowitz, and Alameda Research.