About Trustev
Trustev is a company based in Cork (Ireland) founded in 2012 was acquired by TransUnion in December 2015.. Trustev has raised $7.8 million across 4 funding rounds from investors including TransUnion, Enterprise Ireland and Greycroft. The company has 41 employees as of December 31, 2018. Trustev offers products and services including IDVision Suite, Digital Verification, and Fraud Prevention Exchange. Trustev operates in a competitive market with competitors including Klaviyo, Elastic Path Software, ComplyAdvantage, Bango and Riskified, among others.
- Headquarter Cork, Ireland
- Employees 41 as on 31 Dec, 2018
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Sectors
TechnologyMedia & Entertainment Industrial Goods & Manufacturing Retail Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Trustev Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.8 M (USD)
in 4 rounds
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Latest Funding Round
$4 M (USD), Series A
Nov 01, 2014
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Investors
TransUnion
& 6 more
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Employee Count
41
as on Dec 31, 2018
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Acquired by
TransUnion
(Dec 09, 2015)
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Products & Services of Trustev
Trustev offers a comprehensive portfolio of products and services, including IDVision Suite, Digital Verification, and Fraud Prevention Exchange. 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.
Integrated platform for fraud prevention and digital identity services
Tool for verifying digital identities in fraud contexts
Exchange system for preventing fraudulent activities
Funding Insights of Trustev
Trustev has successfully raised a total of $7.8M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in November 2014. 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 4
- Last Round Series A — $4.0M
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First Round
First Round
(14 Feb 2013)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2014 | Amount | Series A - Trustev | Valuation | Greycroft , Mangrove Capital Partners |
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| Dec, 2013 | Amount | Seed - Trustev | Valuation |
investors |
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| Oct, 2013 | Amount | Seed - Trustev | Valuation | Enterprise Ireland , Greycroft |
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| 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 Trustev
Trustev has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include TransUnion, Enterprise Ireland and Greycroft. 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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Multiple sectors are targeted for venture capital investments by Greycroft.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward tech sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding is provided to innovative companies.
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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 Trustev
| 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 - Trustev
| 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 |
Trustev Comparisons
Competitors of Trustev
Trustev 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 Klaviyo, Elastic Path Software, ComplyAdvantage, Bango and Riskified, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS email marketing solutions are offered to e-commerce businesses.
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API-based enterprise commerce and content management platform is delivered.
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Cloud-based anti-money laundering solutions are provided for compliance.
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| domain | founded_year | HQ Location |
Marketing solutions for e-commerce businesses are provided by Bango.
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| domain | founded_year | HQ Location |
Cloud-based marketing platform for e-tailers
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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 Trustev
Frequently Asked Questions about Trustev
When was Trustev founded?
Trustev was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Trustev located?
Trustev is headquartered in Cork, Ireland.
Is Trustev a funded company?
Trustev is a funded company, having raised a total of $7.8M across 4 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Feb 14, 2013.
How many employees does Trustev have?
As of Dec 31, 2018, the latest employee count at Trustev is 41.
What does Trustev do?
Provider of the fraud management solution for the retail industry. It provides real time online identity verification using its proprietary social fingerprinting technology. It Analyses behavioral, transactional and social data points and provides an automated real time score on the authenticity of the customer. Combines machine learning with a decision matrix based on analysis of data points like customer behavior and onsite history, device, analysis of network, proxy, geolocation using IP, email, phone, etc for the detection of fraud which improves over iteration.
Who are the top competitors of Trustev?
Trustev's top competitors include Klaviyo, ComplyAdvantage and Riskified.
What products or services does Trustev offer?
Trustev offers IDVision Suite, Digital Verification, and Fraud Prevention Exchange.
Who are Trustev's investors?
Trustev has 7 investors. Key investors include TransUnion, Enterprise Ireland, Greycroft, Mangrove Capital Partners, and Act Venture Capital.
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