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Truework Secures $50M Series C Financing

2022-08-09
SAN FRANCISCO, CA, Truework today announced it raised $50 million in Series C funding.
Truework, a fintech company that provides income and employment verification for the nation's largest mortgage, auto, and consumer lenders to approve more borrowers in a fraction of the time, today announced it raised $50 million in Series C funding.

Leading the Series C round was G Squared, with returning investors Sequoia Capital, Activant Capital, and Khosla Ventures also participating. New investors include Indeed, Human Capital, and Four Rivers Group. The completion of this round will support planned product development, additional hiring, and foster the company's continued growth as an efficient, secure, and user-friendly platform for income and employment verification.

Truework is redesigning the credit system with consumers at the core. On a mission to empower individuals to own and control their personal data, Truework provides an API-enabled platform for income and employment verification that is more efficient, accurate and secure. Using Truework as a Consumer Reporting Agency operating in compliance with FCRA, banks, lenders and background check providers can verify any U.S. employee. Through partnerships with payroll providers such as Gusto, Zenefits, and BambooHR, Truework has the second-largest instant verification network with over 35 million employees.
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