Truebiz
TrueBiz provides a business identity verification solution that utilizes AI to automate the evaluation of businesses by analyzing online signals and firmographic data through a single API. This technology enables continuous monitoring of risk indicators, enhancing the Know Your Business (KYB) and underwriting processes while minimizing the need for manual reviews.
- Category: Compliance / Governance / Risk
- Location: New York, New York, United States
- Founded: 2022-01-01
- Total funding: 2900000
- Website: https://truebiz.io
Product & Features
- TrueBiz automates the review of businesses' online and offline footprints to enhance onboarding efficiency.
- The product utilizes over 50 data points to summarize key risk indicators for financial service providers.
- TrueBiz aims to eliminate verification delays, allowing faster onboarding of business customers.
- The technology combines automated document review with searches in best-in-class data sources.
- TrueBiz envisions a single sign-on for business identity, streamlining credential reuse across its network.
- The service targets mid-size financial providers, including banks and insurance companies, for improved due diligence.
- TrueBiz addresses the complexities of the KYB (Know Your Business) problem to mitigate fraud effectively.
Notable Customers
- Flourish Ventures
- Homebrew
- The Fintech Fund
- Y Combinator
- Alloy
Funding Rounds
- Seed — $2.4M (2023-01)
Investors
Integration partners
Similar Companies
Frequently Asked Questions
What is Truebiz?
TrueBiz provides a business identity verification solution that utilizes AI to automate the evaluation of businesses by analyzing online signals and firmographic data through a single API. This technology enables continuous monitoring of risk indicators, enhancing the Know Your Business (KYB) and…
What does Truebiz do?
TrueBiz automates the review of businesses' online and offline footprints to enhance onboarding efficiency. The product utilizes over 50 data points to summarize key risk indicators for financial service providers. TrueBiz aims to eliminate verification delays, allowing faster onboarding of business customers.
Who are Truebiz's customers?
Truebiz's customers include Flourish Ventures, Homebrew, The Fintech Fund, Y Combinator, Alloy.
How much funding has Truebiz raised?
Truebiz has raised 2900000 across 1 funding round.
Who are Truebiz's investors?
Truebiz's investors include Flourish Ventures.
What category does Truebiz fall under?
Truebiz is a legal technology company in the Compliance / Governance / Risk category.