What is Trustev?
Founded in Cork, Ireland, in 2013, Trustev specializes in verifying the identities of online shoppers to mitigate fraud for e-commerce businesses. Its award-winning solution is designed to address the substantial financial losses incurred by businesses due to online fraud, thereby enabling retailers to confidently enter new markets and accept international payments. Trustev's innovative approach to identity verification and fraud prevention positions it as a key player in enhancing the security and trustworthiness of online transactions.
How much funding has Trustev raised?
Trustev has raised a total of $3.5M across 2 funding rounds:
Angel/Seed
$3M
Angel/Seed
$500K
Angel/Seed (2013): $3M with participation from Greycroft Partners, Wayra, Enterprise Ireland, Mangrove Capital Partners, and Act Venture Capital
Angel/Seed (2013): $500K led by Notion Capital
Key Investors in Trustev
Notion Capital
Notion Capital is a venture capital firm that specializes in early-stage B2B SaaS and cloud services, providing capital and support to help ambitious European brands scale their ventures.
Greycroft Partners
Greycroft is a venture capital firm focused on the Internet and mobile markets, leveraging its extensive network to help entrepreneurs build successful businesses.
Wayra
Wayra is a global tech open innovation hub that invests in start-ups and facilitates business opportunities between them and industry leaders, acting as Telefónica's innovation arm.
What's next for Trustev?
With the infusion of major strategic investment, Trustev is poised for accelerated growth and enhanced market penetration. The company's focus on tackling the pervasive issue of online fraud, coupled with its established technology, suggests a strategic push towards scaling its operations and expanding its client base. Future developments are likely to involve further refinement of its identity verification algorithms and broader integration with e-commerce platforms to offer seamless fraud protection, reinforcing its position as a leader in the online security sector.
See full Trustev company page
