TrueBiz Analysis: $2M Raised
What is TrueBiz?
TrueBiz offers automated solutions for analyzing merchants' online presence and risk monitoring, helping financial services onboard business customers quickly and reduce fraud.
Employees
6
Founded
2022
Revenue
$43.5k
Business Model
Automated risk assessment and subscription-based revenue from financial services partnerships.
Product Features & Capabilities
- Web Presence Review, Merchant Monitoring, Risk Sharing Network, Smart Blocklist, automated analysis of merchant's web presence, monitoring internet footprint for business model changes, flagging new businesses with similar credentials, speeding up time to activation, reducing manual review, preventi
How much TrueBiz raised
Seed - $2.4 million
January 31, 2023Lead Investor: Flourish Ventures, Homebrew, Pioneer Fund, The Fintech Fund, Y Combinator
Who are the founders of TrueBiz
DH
MM
Max Morlocke
Founder
Competitors Overview
TrueBiz operates in the market of automated solutions for analyzing merchants' web presence and monitoring risk, primarily serving financial services. Its main competitors include:
- Spring Labs: Focuses on providing a decentralized network for sharing credit data, which can enhance risk asses
Investors
- Flourish Ventures
- Homebrew
- Pioneer Fund
- The Fintech Fund
- Y Combinator
- Jason Rosen
Market Focus
TrueBiz primarily focuses on the financial services industry, providing automated solutions for analyzing merchants' web presence and monitoring their risk to facilitate faster onboarding of business customers and reduce fraud.
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