UK-based Trudenty raises funding from Fuel Ventures, Techstars, others

▤ Summary

London-based Trudenty, a consumer data network providing fraud risk intelligence in real-time, announced that it has secured $500K (nearly €457K) in a pre-seed round of funding. The investment was led by Fuel Ventures, with support from Techstars, Plug and Play, and angel investors. Committed to fostering trust and security in payments, the team aims to empower consumers as custodians of their own data. The Trudenty Trust Network uses blockchain to hold pseudonymised consumer fraud risk profiles, generated by a machine-learning smart contract algorithm. Founded in 2022 by Marco Kome and Lerato Matsio, currently, the company is onboarding merchants in the UK and France.

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