About Trustap
Trustap is a company based in Cork (Ireland) founded in 2017.. Trustap has raised $8.9 million across 2 funding rounds from investors including TX Ventures, Partners Resolute and Aperture Venture Capital. Trustap offers products and services including Trustap Platform, API Documentation, and Individual Transactions App. Trustap operates in a competitive market with competitors including Tripartie, LTD Escrow and Shieldescrow, among others.
- Headquarter Cork, Ireland
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Trustap Development D.O.O.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.9 M (USD)
in 2 rounds
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Latest Funding Round
$5.5 M (USD), Series A
Jul 09, 2024
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Investors
TX Ventures
& 8 more
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Employee Count
Employee Count
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Products & Services of Trustap
Trustap offers a comprehensive portfolio of products and services, including Trustap Platform, API Documentation, and Individual Transactions App. 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 payment holding for marketplace transactions
Guides for integrating secure transaction features
App for risk-free personal purchases and sales
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Funding Insights of Trustap
Trustap has successfully raised a total of $8.9M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.5 million completed in July 2024. 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 Total Funding
- Total Rounds 2
- Last Round Series A — $5.5M
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First Round
First Round
(07 Apr 2022)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - Trustap | Valuation | TX Ventures | |
| Apr, 2022 | Amount | Seed - Trustap | Valuation | MiddleGame Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Trustap
Trustap has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include TX Ventures, Partners Resolute and Aperture Venture Capital. 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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Early-stage investments are made in Fintech and related sectors by TX Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage investments in technology companies are made by Aperture VC.
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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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 Trustap
| 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 - Trustap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Trustap Comparisons
Competitors of Trustap
Trustap 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 Tripartie, LTD Escrow and Shieldescrow, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Escrow payment solutions are provided for businesses and marketplaces.
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| domain | founded_year | HQ Location |
Offers escrow-enabled online payment processing solutions for businesses.
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| domain | founded_year | HQ Location |
Platform offering secure escrow-style payment solutions for online transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 Trustap
Frequently Asked Questions about Trustap
When was Trustap founded?
Trustap was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is Trustap located?
Trustap is headquartered in Cork, Ireland.
Is Trustap a funded company?
Trustap is a funded company, having raised a total of $8.9M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.4M, raised on Apr 07, 2022.
What does Trustap do?
Trustap was established in 2017 in Cork, Ireland, within the fintech sector. Escrow services are offered via a mobile application compatible with iOS and Android platforms. Funds are held securely by the platform during buyer-seller transactions, with release to sellers occurring only after buyer verification of delivered goods or services. Operations focus on peer-to-peer exchanges across digital marketplaces.
Who are the top competitors of Trustap?
Trustap's top competitors include Tripartie, LTD Escrow and Shieldescrow.
What products or services does Trustap offer?
Trustap offers Trustap Platform, API Documentation, and Individual Transactions App.
Who are Trustap's investors?
Trustap has 9 investors. Key investors include TX Ventures, Partners Resolute, Aperture Venture Capital, MiddleGame Ventures, and Atlantic Bridge.