December 15, 2015
Trulioo, a leading global ID verification company providing advanced analytics, announced today that it has raised $15 million in financing from American Express Ventures and existing investors BDC Capital, Blumberg Capital and Tenfore Holdings - marking the first investment by Amex in a Canadian startup, and the largest financial technology financing of 2015 in Canada. The funding will help the company scale its fast growing business, including expansion of its sales team, technical infrastructure, and customer support as well as data acquisition. With this financing, Trulioo has now raised a total of $26.6 million since 2012.
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