Trulioo secures strategic investment from UST Global
Trulioo, an identity verification company, has received a strategic investment from UST Global, a leading provider of end-to-end IT services and solutions for Global 1000 companies.
“As corporations continue to invest in identity management and compliance systems, we see value in Trulioo’s unique offering,” said Saurabh Ranjan, Managing Director for UST. “We invest in agile companies with high customer demand and a need to scale quickly.”
As part of the UST deal, Ranjan will join Trulioo’s board of advisors.
“Helping our customers comply with regulatory requirements for anti-money laundering, Know Your Customer, and watchlist checking at a global scale is our mission,” said Stephen Ufford, Founder and CEO of Trulioo. “Fueled by mobile technology, cross-border commerce continues to grow at a record pace. The Internet economy needs large scale tools to help build trust and UST will help provide scalability, enabling us to drive innovation to our customers.”
Trulioo is backed by Blumberg Capital, Tenfore Holdings, and BDC Capital. The company has raised over $10m in venture funding.