The Vancouver-based identity-verification firm said companies are looking to optimize onboarding while meeting fraud-prevention and regulatory requirements, and its GlobalGateway platform combined with HelloFlow will allow them to do that in a single platform. It did not disclose the financial details of the deal. (The Logic)
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The Vancouver-based identity-verification firm said companies are looking to optimize onboarding while meeting fraud-prevention and regulatory requirements, and its GlobalGateway platform combined with HelloFlow will allow them to do that in a single platform. It did not disclose the financial details of the deal. (The Logic)
Talking point: Trulioo raised a US$394-million Series D in June 2021 that valued the company at US$1.75 billion. That made it one of a series of new B.C.-based unicorns. The digital-identity space appears to be a hot market. Last month, Toronto-based 1Password raised a US$620-million Series C at a US$6.8-billion valuation, marking the largest fundraising round for a Canadian company ever. This year, Trulioo plans to double the size of its staff and expand its international footprint, according to a press release. It currently operates offices in Dublin, Austin and San Diego, and the release said the company expects HelloFlow’s locations will help support Trulioo’s European expansion.
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