# TrustCheckr

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

- Industry: IT Security/Cybersecurity
- Headquarters: Mysore, India
- Website: www.trustcheckr.com
- Total disclosed funding: $0.8M
- Latest round: Seed (Apr 2, 2022)
- Investors on record: 3

## About

TrustCheckr is an Indian company offering innovative verification solutions that enhance business integrity and consumer trust through comprehensive identity verification and risk assessment services.TrustCheckr, founded in 2017 and headquartered in Mysore, India, specializes in verification services that bolster business integrity. The company has undergone strategic developments since its inception, positioning itself as a key player in the verification services sector. Shivraj Mysore, the founder, has previously been involved in entrepreneurial ventures. The company has raised a total of INR 57.805 mn in its latest funding round, a Seed round led by 360 ONE, with other investors including IIFL Securities and Rangsons Technologies LLP. This recent funding round, completed in October 2023, is the final raise for a total of INR 57.805 mn, valuing the company at approximately INR 1423.206 mn.TrustCheckr provides a suite of products designed to enhance business integrity and foster consumer trust through comprehensive verification services. Their core offerings include tools for conducting thorough background checks, identity verification, and risk assessments tailored for various sectors. These solutions aim to address the growing need for businesses to ensure compliance with regulatory requirements while safeguarding their operations against fraud and reputational damage. The company primarily serves clients in the financial services, e-commerce, and healthcare industries, providing them with reliable services to mitigate risks associated with customer interactions. TrustCheckr's products are marketed in North America, Europe, and select regions in Asia, catering to a diverse clientele that includes small to medium enterprises and large corporations seeking to enhance their due diligence processes.In the most recent fiscal year of 2023, TrustCheckr reported revenue of INR 184235.7 and an EBITDA of INR -89996.5. The company generates revenue through a structured subscription model, enabling clients to access its services on a recurring basis. Clients typically enter into annual or multi-year contracts, allowing them to utilize the company's verification tools at scale. The pricing structure accommodates various business sizes, with tiered subscription plans that provide different levels of access to features such as real-time background checks and comprehensive risk reports. Additionally, partnerships with organizations in sectors like finance and e-commerce further enhance revenue streams, allowing for collaborative offerings that integrate TrustCheckr’s services into clients' existing systems.In October 2023, TrustCheckr was acquired by Truecaller, a portfolio company of Atomico and Kleiner Perkins. This acquisition allows Truecaller to enhance its risk intelligence platform. The recent funding will support the company's strategic initiatives, likely focusing on expanding its product offerings and entering new geographic markets. Specific plans include the launch of new verification tools tailored for evolving market demands, though detailed release dates have not been disclosed.

## Funding rounds

- Seed, Apr 2, 2022, $0.8M — 360 ONE, IIFL Securities, Rangsons Technologies LLP

## Investors

- 360 ONE (https://capitalatlas.ai/funds/360-one) — Seed
- IIFL Securities — Seed
- Rangsons Technologies LLP — Seed