TrueBiz aims to assist financial service providers in acquiring business customers more quickly and preventing fraud


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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.

Read More: TrueBiz aims to help financial services providers onboard business customers faster, avoid fraud

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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