Trufund

New York, United States Founded: 2005 • Age: 21 yrs
Small business loans are extended to underserved communities by TruFund.
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About Trufund

Founded in 2005 and headquartered in New York, United States, TruFund operates as a nonprofit financial institution in the lending sector. Financial services, including microloans and SBA Community Advantage loans, are offered to small businesses and nonprofit organizations. Focus is placed on historically disadvantaged individuals and communities to support economic development and entrepreneurship across the United States.

  • Headquarter New York, United States
  • Sectors
    Government & Social Sector
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Government & Social Sector → Charitable & Nonprofit
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
    $2 M (USD), Grant

    Oct 21, 2025

  • Investors
    Wells Fargo

    & 2 more

  • Employee Count
    Employee Count
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People of Trufund
Headcount 10-50
Employee Profiles 19
Board Members and Advisors 13
Employee Profiles
People
James H. Bason
President & CEO
People
Charles Foster
SVP & CFO
People
Pamela Cherry
Executive Assistant
People
Ken Harvey
SVP & Director, Finance

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Board Members and Advisors
people
Marc Thompson Jr.
Director
people
Terrence Clark
Director
people
Carra Wallace
Director
people
Ronald Torok
Director

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Funding Insights of Trufund

  • Total Funding
  • Total Rounds 7
  • Last Round Grant — $2.0M
  • First Round

    (08 Dec 2008)

  • Investors Count 3
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2025 Amount Grant - Trufund Valuation

investors

Sep, 2011 Amount Grant - Trufund Valuation

investors

Sep, 2011 Amount Grant - Trufund Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Trufund

Trufund has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Wells Fargo, U.S. Department of the Treasury and National Oceanic and Atmospheric Administration. 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.

All
Institutional
Investor Description Founded Year Domain Location
-
Founded Year Domain Location
The U.S. Department of the Treasury is tasked with formulating and implementing fiscal policy for the United States government.
Founded Year Domain Location
Diverse financial services and online banking are provided to clients.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Trufund

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Trufund

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Trufund Comparisons

Employees
+
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Competitors of Trufund

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Trufund

Frequently Asked Questions about Trufund

When was Trufund founded?

Trufund was founded in 2005 and raised its 1st funding round 3 years after it was founded.

Where is Trufund located?

Trufund is headquartered in New York, United States. It is registered at New York, New York, United States.

What does Trufund do?

Founded in 2005 and headquartered in New York, United States, TruFund operates as a nonprofit financial institution in the lending sector. Financial services, including microloans and SBA Community Advantage loans, are offered to small businesses and nonprofit organizations. Focus is placed on historically disadvantaged individuals and communities to support economic development and entrepreneurship across the United States.

Who are Trufund's investors?

Trufund has 3 investors. Key investors include Wells Fargo, U.S. Department of the Treasury, and National Oceanic and Atmospheric Administration.

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