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Young Entrepreneur

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YEC Member Company Trulioo Raises $15 Million Investment Round

YEC member company Trulioo recently raised $15 million in an investment round with participation from American Express Ventures.

Trulioo is a leading global ID verification company, providing 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. This is American Express' first investment in a Canadian startup. It also marks the largest Canadian FinTech round raised in 2015.

“We currently power customer and merchant onboarding for top global payment and e-commerce players in the market, and we are now looking to take our flagship product, GlobalGateway, to the banking industry,” said Stephen Ufford, CEO in his interview with TechVibes. “This investment is a vote of confidence that we can help support the banking industry in meeting the increasingly complex requirements of cross-border compliance.”

You can read more about the raise here on Forbes.