Income verification platform Truework raises $50 million in its Series C round of funding

Truework, a fintech startup that offers income and employment verification for the nation’s leading mortgage, car, and consumer lenders, said today that it has secured $50 million in Series C funding round. Sequoia Capital, Activant Capital, and Khosla Ventures returned investors joined G Squared in leading the Series C investment. Indeed, Human Capital, and Four Rivers Group are some recent investors.

Truework CEO Ryan Sandler stated, “At Truework, automation and efficiency are at the core of what we do, and developing the future with a consumer-first attitude goes into every choice we make.”

Truework gives lenders access to over 35 million (and counting) US employee data, allowing them to make faster credit decisions with confirmed income and convert more customers. We will be further empowered by Series C investment, which will also contribute to the development of a more effective, secure, and stable credit system.

G Squared Partner Spencer McLeod stated, “Truework’s vision, leadership, and technology are skilfully­-calibrated to the contemporary scenario. Rising rates and unpredictability in the market are encouraging lenders to streamline their approval procedure. People who apply for loans anticipate speedy decisions and look for choices that provide them control over their personal data and knowledge of how it is utilised. Some of the biggest banks and most forward-thinking investors in the country have received that answer from Truework. We are delighted to support Truework’s growth and are inspired by their future plans to empower customers.”

About Truework

The 2017-founded San Francisco company Truework interacts with payroll services like Gusto, Zenefits, and BambooHR. Truework’s APIs allow mortgage providers and lenders to swiftly check and approve customers within their own applications. In order to confirm possible new recruits, the organisation also provides background checks for employers and staffing firms.

Truework is by all accounts an inspiring startup with spurring development on financial services platform. I’m certain this startup would keep on flourishing in its excursion ahead. All the best to the whole group. This will give them a colossal achievement in the future.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.