About Truss
Truss is a company based in San Francisco (United States) founded in 2021 by Nick Addison and Matthew Smith. It operates as a FinTech. Truss has raised $4.77 million across 4 funding rounds from investors including Innovate BC, MAVAN Capital Partners and Y Combinator. Truss offers products and services including Get Paid, Pay Subs & Vendors, Charge Cards, and Business Checking. Truss operates in a competitive market with competitors including Beam, Suppli and iink, among others.
- Headquarter San Francisco, United States
- Founders Nick Addison, Matthew Smith
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Mazumago Holdings Ltd.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$4.77 M (USD)
in 4 rounds
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Latest Funding Round
$4.01 M (USD), Series A
Nov 03, 2022
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Investors
Innovate BC
& 2 more
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Employee Count
Not available
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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.
People of Truss
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Funding Insights of Truss
Truss has successfully raised a total of $4.77M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $4.01 million completed in November 2022. 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.
Investors in Truss
Truss has secured backing from 3 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 |
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Venture capital investments in North American tech companies, focusing on early-stage and growth opportunities.
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Early-stage startups are accelerated via funding and educational programs.
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Startup accelerator firm backed by the British Columbia Government
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Investor details for Truss
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Truss
Investment portfolio details for Truss
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Financial Statements - Truss
Detailed financials for Truss
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Truss Comparisons
Peer comparison for Truss
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Competitors of Truss
Truss 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 Beam, Suppli and iink, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Beam is recognized as a provider of construction management software and financial tools.
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Payment processing solutions are provided for construction companies.
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Property insurance claim payments are streamlined via digital multi-party processing.
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Detailed competitors of Truss
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Latest news on Truss
Complete news archive for Truss
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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 current CEO of Truss. They have also founded this company.
Truss is a funded company, having raised a total of $4.77M across 4 funding rounds to date.
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 3 investors. Key investors include Innovate BC, MAVAN Capital Partners, and Y Combinator.