About truID
truID is a company based in Germiston (South Africa) founded in 2017 by Christian Schuit, Dmitry Drabkin, and Paris Valakelis.. truID offers products and services including truID API and Consent Management. truID operates in a competitive market with competitors including M2P Fintech, Prime Trust, AuthBridge, Stitch and Ukheshe, among others.
- Headquarter Germiston, South Africa
- Founders Christian Schuit, Dmitry Drabkin, Paris Valakelis
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Truid (Pty) Ltd
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Annual Revenue
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Net Profit
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Products & Services of truID
truID offers a comprehensive portfolio of products and services, including truID API and Consent Management. 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.
Secure platform for accessing bank data and generating insights
System for handling user consent in financial data sharing
Funding Insights of truID
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2020 | Amount | Seed - truID | Valuation | Crossfin |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 truID
truID has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Crossfin. 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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Investor in and builder of FinTech businesses in emerging markets
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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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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 truID
| 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 - truID
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Truid Comparisons
Competitors of truID
truID 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 M2P Fintech, Prime Trust, AuthBridge, Stitch and Ukheshe, 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 |
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| domain | founded_year | HQ Location |
Banking, lending, and payment solutions are provided via custom APIs.
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Cloud-based AML and banking API solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
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| domain | founded_year | HQ Location |
Open banking API solutions are delivered for financial institutions.
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| domain | founded_year | HQ Location |
End-to-end electronic payment solutions, including hardware and software, are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Truid
Frequently Asked Questions about truID
When was truID founded?
truID was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is truID located?
truID is headquartered in Germiston, South Africa. It is registered at Germiston, Gauteng, South Africa.
What does truID do?
TruID was founded in 2017 in Germiston, South Africa, within the fintech sector. Open banking API solutions are offered to banks and financial institutions. Access to users identity data, account balances, and transactions is facilitated through these APIs. Banks are enabled to analyze customer profiles and credit scores. All data processed via the APIs is stored using encryption methods.
Who are the top competitors of truID?
truID's top competitors include M2P Fintech, Stitch and AuthBridge.
What products or services does truID offer?
truID offers truID API and Consent Management.
Who are truID's investors?
truID has 1 investor. Key investors include Crossfin.
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