About Truss
Truss is a Financial Services company based in San Francisco (United States) founded in 2021 by Nick Addison and Matthew Smith. Truss is recognized as a financial technology company focused on construction banking. It operates on a FinTech model. Truss has raised $4.77 million across 5 funding rounds from investors including Innovate BC, MAVAN Capital Partners and Y Combinator. Its chief executive, as recorded, is Matthew Smith. Its website trusspayments.com draws about 19 thousand monthly visits. Truss offers products and services including Get Paid, Pay Subs & Vendors, Charge Cards, and Business Checking. Its focus areas include FinTech and Construction Finance. Its legal entity is Mazumago Holdings Ltd. Its competitors include Beam, Suppli and iink; 3 of its 3 listed competitors have raised funding.
Company details
Truss is established as a financial technology company specializing in banking solutions for the construction industry. Services are provided through partnerships with Thread Bank, Member FDIC, ensuring enhanced FDIC insurance coverage. Payment solutions are offered to facilitate faster receivables via ACH and card payments, alongside efficient payables for subcontractors and vendors. Charge cards are issued for staff expense management, and business checking accounts are maintained with no fees or minimums. The focus is placed on addressing the unique financial needs of construction businesses with tailored tools and services.
- Headquarters San Francisco, United States
- Founders Nick Addison, Matthew Smith
- SectorsFinancial Services
- Email••••••••
- Website trusspayments.com
- Social LinkedIn X Facebook Instagram
- Legal Name Mazumago Holdings Ltd.
- Total Equity Funding$4.77M (USD)
in 5 rounds
- InvestorsInnovate BC
& 3 more
Products & Services of Truss
Truss offers a comprehensive portfolio of products and services, including Get Paid, Pay Subs & Vendors, Charge Cards, and Business Checking.
Payments are collected faster via ACH and cards.
Subcontractors are paid online with instant fund access.
Unlimited cards are issued for staff expense management.
Banking is provided with enhanced FDIC insurance coverage.
Funding Insights of Truss
Truss has successfully raised a total of $4.77M across 5 strategic funding rounds. 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 $4.77M
- Total Rounds 5
- First Round $634,268
(Mar 2021)
- Investors Count 4
All 5 funding rounds of Truss 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 2024 | Series A | – | – | ||
| Nov 2022 | $4.01M | Series A | – | – | – |
| Mar 2022 | Seed | – | – | ||
| Aug 2021 | $125,000 | Seed | – | – | |
| Mar 2021 | $634,268 | Seed | – | – |
4 investors in total: 4 institutional.
Investors in Truss
Truss has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Innovate BC, MAVAN Capital Partners and Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in North American tech companies, focusing on early-stage and growth opportunities. | mavancapital.com | |||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Startup accelerator firm backed by the British Columbia Government | 2004 | innovatebc.ca | Vancouver, Canada | |
| bonfirevc.com |
Investor details for Truss
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 Truss
5 people are tracked at Truss (2 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Nick Addison | Co-Founder | Leadership |
Matthew Smith | Co-Founder & CEO | Leadership |
Miri Rader | Marketing Manager | Team |
Julia Park | Full Stack Software Developer | Team |
Avery Kushner | Staff Software Engineer | Team |
Complete people profiles for Truss
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 Truss
3 dated milestones of Truss across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Truss is founded.
- Funding First funding round of $634K.
- Funding Latest funding round, Series A,.
Competitors of Truss
Truss has 3 listed competitors in our database, 3 of them funded. They include Beam, Suppli and iink.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| trybeam.com | 2022 | San Francisco, United States | $15M | Beam is recognized as a provider of construction management software and financial tools. | ||
| gosuppli.com | 2020 | Austin, United States | $3.1M | Payment processing solutions are provided for construction companies. | ||
| iink.com | 2017 | Tampa, United States | $19.05M | 24 | Property insurance claim payments are streamlined via digital multi-party processing. |
Detailed competitors of Truss
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 Truss
The website of Truss (trusspayments.com) receives about 18.6K visits a month.
- Monthly visits18.6K
▼ 27.3% vs previous month
Websites whose visitors overlap most with Truss. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
myhqsuite.com | myhqsuite.com | 100% | #357,385 | – | |
| trytoolbox.com | 85% | 2.2K | #7,952,022 | View details |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Truss (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Frequently Asked Questions about Truss
Truss was founded in 2021.
Truss is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Matthew Smith is the CEO of Truss, as recorded in our data. They have also founded this company.
Truss is a funded company, having raised a total of $4.77M across 5 funding rounds to date. The company's 1st funding round was a Seed of $634.27K, raised on Mar 2021.
Truss is established as a financial technology company specializing in banking solutions for the construction industry. Services are provided through partnerships with Thread Bank, Member FDIC, ensuring enhanced FDIC insurance coverage. Payment solutions are offered to facilitate faster receivables via ACH and card payments, alongside efficient payables for subcontractors and vendors. Charge cards are issued for staff expense management, and business checking accounts are maintained with no fees or minimums. The focus is placed on addressing the unique financial needs of construction businesses with tailored tools and services.
Truss offers Get Paid, Pay Subs & Vendors, Charge Cards, and Business Checking.
Truss has 4 investors. Key investors include Innovate BC, MAVAN Capital Partners, Y Combinator, and Bonfire Ventures.
Truss operates through Mazumago Holdings Ltd..