Trustev
Latest round
- Seed
Last raised
- Oct 2013
Total raised
- $3M
Investors
- 5
About Trustev
Trustev provides advanced identity verification and fraud prevention solutions aimed at securing digital commerce transactions.Trustev specializes in providing identity verification solutions designed to prevent fraud in digital transactions. The company is headquartered in Cork, Ireland and was acquired in December 2015 by TransUnion LLC for USD 44 mn, which included USD 21 mn in cash and an additional USD 23 mn pending performance targets.50 mn.Trustev specializes in identity verification and fraud prevention solutions tailored for businesses operating in digital commerce. Their core product offerings include a comprehensive suite of tools designed to authenticate online identities, reduce fraudulent transactions, and enhance customer trust. By leveraging advanced technologies such as machine learning and real-time data analysis, Trustev addresses critical use cases such as payment fraud, account takeover, and identity theft, which are prevalent in various sectors including eCommerce, financial services, and telecommunications. The company's solutions are implemented by a diverse client base that spans multiple geographical markets, prominently including North America, Europe, and parts of Asia.Trustev's revenue model is structured around subscription-based services and partnerships with enterprises that require robust fraud prevention solutions. Clients engage with Trustev through tiered subscription plans that offer varying levels of service and support, enabling businesses to select a package that aligns with their operational scale and risk management needs. The pricing structure accommodates both small to medium-sized enterprises and larger corporations, ensuring flexibility in the deployment of Trustev’s identity verification services. Key offerings, including their flagship fraud prevention tools, are integrated into clients' existing systems, facilitating seamless user experiences while safeguarding against fraud.After being acquired by TransUnion LLC, Trustev's growth strategy focuses on expanding its product offerings and entering new markets. The company aims to enhance its suite of identity verification tools, although specific upcoming products and release dates have not been disclosed. Trustev plans to target expansion in markets across Europe and Asia, with efforts underway to solidify its presence in these regions.
Who invested in Trustev
5 investors across 1 round
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Funding rounds
Seed
Oct 30, 2013
Amount
$3M
Investors
Questions about Trustev
Who invested in Trustev?
Trustev has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Trustev raised?
Trustev has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Trustev last raise money?
Trustev's most recent round on record is a Seed, in Oct 2013.
What does Trustev do?
Trustev provides advanced identity verification and fraud prevention solutions aimed at securing digital commerce transactions.
Where is Trustev headquartered?
Trustev is headquartered in Cork, Ireland.
Which VCs invest in companies like Trustev?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Trustev's stage. Their profiles are linked below.
VCs backing software startups at Seed
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