TrueBiz, founded by Danny Hakimian and Max Morlocke, recently raised $2.4 million in a seed round led by Flourish Ventures to reinvent how financial services verify businesses during account opening.
The Fintech Fund, Y Combinator, and Homebrew contributed to the funding. The business took part in the YC Summer 2022 batch. The TrueBiz Risk Score, a summary of important risk indicators, is a new product that the company is launching after this funding.
The business claimed that its goal is to summarize key risk indicators and color the background of a company with more than 50 data points from various online sources, including industry and revenue.