COMPANY PROFILE

Truework

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Hr tool that automatically responds to lenders, landlords, and others who need to verify employment

San Francisco, United StatesFounded 2017Fintech

Valuation $250–500M Last recorded · 2023

Revenue $10–50M Latest reported FY

Headcount <100 Current team size

Total funding $100–500M Disclosed equity funding

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About Truework

Truework is a startup that operates in the employment and income verification sector. It provides a single platform for businesses to verify any applicant's income and employment status. The platform is designed to be highly customizable, allowing businesses to configure a process that best suits their needs. Truework's intelligent system routes each verification to the most efficient method, ensuring maximum coverage and speed.

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The company serves a wide range of clients, including businesses that need to verify the income and employment status of potential employees or loan applicants. It operates in a market where accurate and timely information is crucial for decision-making.

Truework's business model is based on a pay-per-result system. Clients only pay for accurate and completed verifications, not attempts. This model ensures that clients get value for their money and encourages Truework to provide the most efficient service possible.

The company has also formed a strategic partnership with TransUnion, a major information and insights company. This partnership, coupled with TransUnion's minority investment in Truework, provides the startup with a significant boost in credibility and resources.

Truework's platform is designed to increase loan pipeline capacity, reduce spend by automating verification workflows, accelerate approvals, mitigate income fraud, and reduce manual work. It aims to help businesses win the right applicants by increasing conversion while mitigating risk and reducing the time and effort to verify income.

Source: Dealroom company data