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Truekx

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Guadalajara, MexicoFounded 2019Fintech
Valuation $10–25M Last recorded · 2020
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Truekx and the history behind them.

About Truekx

Truekx is a fintech startup that operates a crypto wallet for barter transactions. It has created a digital currency, truekxcoins, which are equivalent to cash and can be used for purchases at over 5,000 businesses, primarily in Mexico. The company's business model is based on providing a platform for users to carry out transactions without intermediaries, thus decentralizing the management of transactions.

Truekx's main clients are its users, who are incentivized to use the platform through a 2.5% reward in truekxcoins for every purchase made using the Truekx App. Users can also increase their cash flow by using truekxcoins to pay for part of their purchases and earning coins for referrals.

The company also offers a unique feature that allows users to make currency changes without commissions and intermediaries when the app detects a change of location to another country that uses a different currency. This feature is facilitated by the company's high-tech crypto wallet, which enables payments, transfers, and purchases in just 0.002 seconds.

Truekx operates in a market that is increasingly embracing digital currencies and decentralized transactions. It generates revenue through transaction fees and by offering businesses the opportunity to accept truekxcoins as a payment method.

In summary, Truekx is a crypto wallet for barter transactions that offers a decentralized platform for users to carry out transactions using a digital currency equivalent to cash.

Source: Dealroom company data

At a glance

Founded
2019
Headquarters
Guadalajara, Mexico
Sector
Fintech

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed7 investors entered at this stage

  • Pedro Velazquez
  • Javier Rage
  • Nicolas Bibbo
  • Seed Capital PT
  • Aurora del Carmen Caballero
  • Oscar Ramirez
  • Santiago Abraham Ramirez Palomero
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇲🇽 Mexico100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Truekx on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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