# Truist

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

- Industry: Financial Services
- Headquarters: Charlotte, US
- Website: www.truist.com/
- Total disclosed funding: $6.3M
- Latest round: Series C (Aug 21, 2007)
- Investors on record: 2

## About

Truist Financial Corporation is a U.S.-based financial services company that provides banking, investment, and insurance solutions to individuals and businesses across various markets.Truist Financial Corporation is primarily engaged in banking and financial services. Established in Charlotte, US, it has undergone significant growth since its inception. The company was formed through a merger, notably acquiring FrontStream Payments, Inc. in February 2014. The current CEO is William Rogers, who plays a pivotal role in shaping the company's strategic direction.Truist Bank offers a comprehensive suite of banking and financial services designed to meet a diverse range of customer needs. Their core product offerings include checking and savings accounts, credit cards, personal and business loans, mortgages, and investment services. Truist One Checking and Truist One Savings accounts are tailored for individuals seeking everyday banking solutions with unique features like no overdraft fees and automatic upgrades. Additionally, Truist provides tools for debt consolidation and home financing, including competitive mortgage options for purchasing or refinancing homes. The bank serves a broad customer base across multiple geographical markets, including Alabama, Florida, Georgia, North Carolina, Texas, and Virginia, focusing on both individual consumers and small to mid-sized businesses.Truist Bank generates revenue primarily through interest income from loans and fees associated with its banking services. The revenue structure includes various transactional fees for personal and business accounts, as well as interest from loans and mortgages. For instance, individual clients typically engage with Truist by opening accounts and utilizing services such as personal loans or credit cards, while businesses may establish checking accounts and access lines of credit. The bank’s flagship products, such as the Truist One Checking account and LightStream personal loans, are integral to their revenue generation. Clients benefit from tailored financial solutions that address specific financial needs, ensuring a continuous flow of transactions that contribute to the overall financial health of the institution.Looking ahead, Truist plans to enhance its product offerings by designing innovative financial solutions that cater to evolving customer needs. The bank aims to expand into new markets, particularly targeting regions within the U.S. where it currently has limited presence. The resources from the recent funding round will be strategically utilized to support these growth initiatives, ensuring the company remains competitive in the financial services sector.

## Funding rounds

- Series C, Aug 21, 2007, $0.5M — Advantage Capital
- Series C, Aug 14, 2006, $2M — Advantage Capital
- Series B, Oct 27, 2005, $3.8M — Enhanced Capital

## Investors

- Enhanced Capital (https://capitalatlas.ai/funds/enhanced-capital) — Series B
- Advantage Capital — Series C