About TruePillars
TruePillars is a Financial Services company based in Melbourne (Australia) founded in 2015. It operates as a peer-to-peer platform for SME borrowing and lending is provided. TruePillars has raised $3.92 million across 1 funding round. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include Marketlend, Loan TradeX and LendingPost; 1 of its 3 listed competitors has raised funding.
Company details
TruePillars was founded in 2015 in Melbourne, Australia, within the fintech sector. A peer-to-peer platform is operated to connect investors with diversified credit portfolios for small and medium enterprises (SMEs). Borrowing and lending services are facilitated for SMEs, while three pooled investment options are offered to investors for immediate diversification across credit funds. Operations focus on everyday investors seeking exposure to SME loans.
- Headquarters Melbourne, Australia
- SectorsFinancial Services
- Email••••••••
- Website truepillars.com
- Social LinkedIn X
- Total Equity Funding$3.92M (USD)
in 1 rounds
- Latest Funding Round$3.92M (USD), Series A
Aug 2017
Funding Insights of TruePillars
TruePillars has successfully raised a total of $3.92M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.92 million completed in August 2017. 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 $3.92M
- Total Rounds 1
- Last Round Series A — $3.92M
- First Round $3.92M
(Aug 2017)
All 1 funding rounds of TruePillars 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 2017 | $3.92M | Series A | – | – | – |
People of TruePillars
3 people are tracked at TruePillars (3 in leadership).
| Name | Role | Group |
|---|---|---|
Dennis Hakme | Co-Founder and COO | Leadership |
Michael Wigney | Head of Finance and Compliance | Leadership |
Sasha V. | Chief Risk Officer | Leadership |
Complete people profiles for TruePillars
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 TruePillars
2 dated milestones of TruePillars across 2 years, from founding to its latest funding, stage changes and deals.
- Founded TruePillars is founded.
- Funding First funding round of $3.9M.
Competitors of TruePillars
TruePillars has 3 listed competitors in our database, 1 of them funded. They include Marketlend, Loan TradeX and LendingPost, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| marketlend.com.au | 2014 | Sydney, Australia | $1M | – | Business term loans are facilitated via an online P2P marketplace. | |
| loantradex.com.au | 2015 | Sydney, Australia | – | – | Offers a versatile platform for business loans tailored to SMEs. | |
| lendingpost.com.au | 2013 | Sydney, Australia | – | – | Hosts a digital marketplace for small business financing solutions. |
Detailed competitors of TruePillars
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.
Top companies in Alternative Lending
10 companies that operate in the same segment as TruePillars (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | 1,487 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – |
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Frequently Asked Questions about TruePillars
TruePillars was founded in 2015 and raised its 1st funding round 2 years after it was founded.
TruePillars is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
TruePillars is a funded company, having raised a total of $3.92M across 1 funding round to date. The company's 1st funding round was a Series A of $3.92M, raised on Aug 2017.
TruePillars was founded in 2015 in Melbourne, Australia, within the fintech sector. A peer-to-peer platform is operated to connect investors with diversified credit portfolios for small and medium enterprises (SMEs). Borrowing and lending services are facilitated for SMEs, while three pooled investment options are offered to investors for immediate diversification across credit funds. Operations focus on everyday investors seeking exposure to SME loans.
TruePillars's top competitors include Marketlend, Loan TradeX and LendingPost.