Truv provides a unified platform that enables users to connect payroll and financial accounts for real-time verification of employment, income, and identity. This technology streamlines processes for mortgage lending, consumer lending, retail banking, and tenant screening, enhancing decision-making efficiency for organizations.
Funding
$30M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional methods of verifying employment, income, and identity often involve manual processes and fragmented data sources, leading to inefficiencies and delays for both businesses and consumers. This can result in slower decision-making in critical areas such as mortgage lending, consumer lending, and tenant screening.
Solution
Truv offers a unified platform that streamlines the verification process by enabling users to connect their payroll and financial accounts. This connection provides real-time access to verified data on employment, income, assets, and insurance. By consolidating these data points into a single platform, Truv facilitates faster and more accurate decision-making for organizations across various sectors, including mortgage lending, consumer lending, retail banking, and tenant screening. The platform aims to improve efficiency and reduce the risk associated with traditional verification methods.
Target Audience
Truv's primary customers include mortgage lenders, consumer lenders, retail banks, and tenant screening companies seeking to improve the speed and accuracy of their verification processes.
Features
- Real-time verification of income and employment data directly from payroll providers.
- Secure connection to financial accounts for asset verification.
- Access to insurance information for comprehensive risk assessment.
- Truv Bridge: Seamless user experience designed for high conversion rates.
- Truv Dashboard: Enterprise-ready tools for developers and operations teams.
- Integrations with industry platforms like Encompass and nCino.
- Waterfall: A fully integrated suite of products.