Truework Raises $50M in Series C Funding
Summary
Truework, a San Francisco, CA-based fintech company that provides income and employment verification for mortgage, auto, and consumer lenders to approve more borrowers quickly, raised $50m in Series C funding. The company intends to use the funds for planned product development, additional hiring, and fostering continued growth as a secure platform for income and employment verification. Led by CEO Ryan Sandler, Truework provides an API-enabled platform for income and employment verification. Using it 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 a large instant verification network with over 35 million employees.
Funding
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