# TrueBiz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/truebiz

- Industry: Software
- Headquarters: US
- Website: www.truebiz.io
- Total disclosed funding: $2.4M
- Latest round: Seed (Jan 31, 2023)
- Investors on record: 4

## About

Based in the US, and founded by Danny Hakimian and Max Morlocke, Trubin, Inc. is a fintech platform that offers software-based solutions to help determine and reduce business risks. In January 2023, TrueBiz, Inc. raised USD 2.4 million in seed funding led by investor Flourish Ventures, with participation from Homebrew and The Fintech Fund. Returning investor Y Combinator and individual investors also participated in the round.

The firm helps in streamlining business operations during KYB and underwriting processes undertaken by financial institutions to help prevent good customers from dropping out and reduce manual review processes. The company enables businesses to trace various risk indicators and discover enhanced firmographic data from various sources to help improve business profitability.

The company intends to use the January 2023 funding to expand its team and product functionality as well as invest in marketing and sales.

## Funding rounds

- Seed, Jan 31, 2023, $2.4M — Y Combinator, Homebrew, Flourish Ventures, The Fintech Fund

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Homebrew (https://capitalatlas.ai/funds/homebrew) — Seed
- Flourish Ventures (https://capitalatlas.ai/funds/flourish-ventures) — Seed
- The Fintech Fund (https://capitalatlas.ai/funds/the-fintech-fund) — Seed