About TrustIQ
TrustIQ is a company based in Jakarta (Indonesia) founded in 2018.. TrustIQ has raised $105 million across 1 funding round from investors including Sherpa. TrustIQ offers products and services including Cash Loan and Invoice Financing. TrustIQ operates in a competitive market with competitors including KoinWorks, Lufax, CreditEase, Mintos and Bondora, among others.
- Headquarter Jakarta, Indonesia
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pt Trust Teknologi Finansial
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$105 M (USD)
in 1 rounds
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Latest Funding Round
$105 M (USD), Series D
Feb 13, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of TrustIQ
TrustIQ offers a comprehensive portfolio of products and services, including Cash Loan and Invoice Financing. 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.
Provides online cash loans from Rp1,500,000 to Rp7,500,000 with low interest.
Offers funding for invoices through trusted financial partners.
Funding Insights of TrustIQ
TrustIQ has successfully raised a total of $105M through 1 strategic funding round. The most recent funding activity was a Series D round of $105 million completed in February 2023. 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 1
- Last Round Series D — $105.0M
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First Round
First Round
(13 Feb 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series D - TrustIQ | Valuation | Sherpa |
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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 TrustIQ
TrustIQ has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Sherpa. 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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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 TrustIQ
| 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 - TrustIQ
| 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 |
Trustiq Comparisons
Competitors of TrustIQ
TrustIQ 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 KoinWorks, Lufax, CreditEase, Mintos and Bondora, 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 |
Developer of a P2P lending platform
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| domain | founded_year | HQ Location |
Personal loans are connected via an online P2P lending platform.
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| domain | founded_year | HQ Location |
Financial services in wealth management and microcredit loans are offered.
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| domain | founded_year | HQ Location |
P2P marketplace for consumer and business loans
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| domain | founded_year | HQ Location |
Online P2P marketplace for consumer and business loans
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| domain | founded_year | HQ Location |
Developer of online P2P marketplace for commercial real estate and business loans
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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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Frequently Asked Questions about TrustIQ
When was TrustIQ founded?
TrustIQ was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is TrustIQ located?
TrustIQ is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Is TrustIQ a funded company?
TrustIQ is a funded company, having raised a total of $105M across 1 funding round to date. The company's 1st funding round was a Series D of $105M, raised on Feb 13, 2023.
What does TrustIQ do?
TrustIQ was established in 2018 in Jakarta, Indonesia, as a provider in the financial services sector. Consumer loans are extended through its online platform, targeting personal financing needs. Operations are centered on the Indonesian market, with services tailored to local regulatory requirements. The company focuses on accessible lending solutions for everyday borrowers, supported by digital infrastructure.
Who are the top competitors of TrustIQ?
TrustIQ's top competitors include Bondora, Lufax and CreditEase.
What products or services does TrustIQ offer?
TrustIQ offers Cash Loan and Invoice Financing.
Who are TrustIQ's investors?
TrustIQ has 1 investor. Key investors include Sherpa.