Truework

Automated income and employment verification platform

San Francisco, California, United States

About Truework

Truework operates in the employment and income verification sector, providing a platform for businesses to verify applicants' income and employment status. The platform is customizable, allowing businesses to tailor the verification process to their specific needs. Truework's intelligent system efficiently routes verifications to ensure quick and comprehensive results. Clients include businesses that require accurate information for hiring or loan approvals. Truework's pay-per-result model means clients only pay for successful verifications, ensuring value for their investment. A partnership with TransUnion enhances Truework's credibility and resources. The company's goal is to streamline the verification process, reduce costs, and help businesses make informed decisions while minimizing risk.

San Francisco, CaliforniaHeadquarters
2017Year Founded
$115.7MTotal Funding
LATE_VCCompany Stage
Data & Analytics, Enterprise Software, Financial ServicesIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Flexible Work Hours
401(k) Retirement Plan
Family Planning Benefits

Risks

Competition from Equifax and new market entrants may pressure Truework's market share.
Rapid data network expansion could lead to privacy concerns and regulatory scrutiny.
Reliance on partnerships may expose Truework to risks if partners face difficulties.

Differentiation

Truework offers a pay-per-result model, ensuring clients only pay for completed verifications.
The platform's integration with Empower LOS enhances efficiency for mortgage lenders.
Truework Guardian provides a unique risk scoring system to secure verification processes.

Upsides

Truework's data network expansion to 48 million records increases its market attractiveness.
Partnership with Vault Verify transforms verifications into revenue opportunities for employers.
Strategic partnership with TransUnion boosts Truework's credibility and client base.

Funding

Total raised$115.66 M
Latest valuation$250.00 M
StageLATE_VC