Trulioo is a Canada-based, online identity verification company, which enables online trust and safety for payments worldwide. The company offers advanced analytics based on traditional information, such as public records, credit files, and government data, as well as alternative sources, including social login providers, ad networks, mobile applications, e-commerce websites, and social networks to name a few.

Trulioo has developed two key products to further it goals: Global Gateway and Data Exchange. Global Gateway is an online electronic identity verification (elDV) service used for risk moderation and age verification by various e-commerce, finance, insurance, gaming, and social media clients. Data Exchange is an innovative platform that can pick out data partners and clients interested in offering access to consumer data.

Trulioo is a global Fintech company, currently operating in more than 40 countries, including China, Russia, and Brazil.

Fintech companies explained

Fintech – meaning financial technology – is making financial services more accessible to all kinds of customers. Fintech operates across numerous business sectors such as lending, advice, investment management and payments. Many Fintech companies employ mobile technology, big data and greater analytics to adapt products to various customer needs.

Fintech companies have directly challenged banks over the years, profoundly changing the way in which financial companies interrelate with their customers. Current Fintech reviews suggest that they have had a positive impact on society, including increased competition, a reduction in prices paid by customers and wider access to financial services.

Why is Trulioo a successful Fintech company?

Trulioo has more than 100 sources of data, mostly credit bureaus or utility companies, in more than 40 countries. This enables them to verify the identities of up to 4 billion possible consumers. Trulioo raises money to operate consistently through a number of different patrons and companies. In addition to forging a new partnership in 2016 with American Express Ventures, money was also raised through existing investors BDC Capital, Blumberg Capital and Tenfore Holdings. Fintech reviews anticipate an expansion of the firm by at least 60% with the help of external funding.

Prominent clients of Trulioo include Kickstarter and other Fintech companies like PayPal and Square.