About Trustmore
Trustmore is a company based in Gurugram (India) founded in 2015 by Ashwin Chawwla and Subhrangshu Kumar Neogi. Trustmore has raised $11.4 million across 10 funding rounds from investors including Angel List, Wellfound and We Founder Circle. Trustmore operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Gurugram, India
- Founders Ashwin Chawwla, Subhrangshu Kumar Neogi
- Stage Minicorn
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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 Trustmore Technologies Private Limited
- Date of Incorporation 10 Aug, 2015
- Jurisdiction Dlf Qe, Haryana, India
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Annual Revenue
$42.81 K (USD)147.26as on Mar 31, 2022
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Net Profit
-$126.77 K (USD)28.81as on Mar 31, 2022
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EBITDA
-$91.28 K (USD)4.54as on Mar 31, 2022
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Total Equity Funding
$11.4 M (USD)
in 10 rounds
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Latest Funding Round
Not available
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Investors
Angel List
& 67 more
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Employee Count
Not available
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Funding Insights of Trustmore
Trustmore has successfully raised a total of $11.4M across 10 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.
Investors in Trustmore
Trustmore has secured backing from 68 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Wellfound and We Founder Circle.
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Investment in early-stage startups and global community support.
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Startups across sectors are accelerated through dedicated programs.
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Venture capital-backed sector-agnostic accelerator and incubator focused on startups
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Investor details for Trustmore
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Investments & Acquisitions by Trustmore
Investment portfolio details for Trustmore
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Financial Statements - Trustmore
Detailed financials for Trustmore
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Trustmore Comparisons
Peer comparison for Trustmore
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of Trustmore
Trustmore 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 Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment processing and card issuance solutions are provided for businesses.
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Payment and business banking solutions are provided for enterprises.
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Provider of payment processing solutions for businesses
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Online payment processing and credit solutions are provided for businesses.
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Digital payments and engagement solutions are offered for MSMEs.
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Digital payments are processed and managed via specialized solutions.
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Detailed competitors of Trustmore
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Latest news on Trustmore
Complete news archive for Trustmore
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Frequently Asked Questions about Trustmore
Trustmore was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Trustmore is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Trustmore is a funded company, having raised a total of $11.4M across 10 funding rounds to date.
Annual revenue of Trustmore is $42.81K as on Mar 31, 2022.
Provider of financial services with a focus on innovative offerings beyond escrow services. Also offers solutions for payment collections, investment and insurance solutions, cross-border payments, and more.
Trustmore has 68 investors. Key investors include Angel List, Wellfound, We Founder Circle, Chhattisgarh Investments, and The Capital One Lab.
The valuation of Trustmore is $13.63M as of Dec 2023.