Truora S.A.S.

Truora S. A. S. is a digital identity verification company that enhances user experience through secure verification, comprehensive background checks, and efficient customer engagement solutions across various industries in Latin America.

Founded in 2018 in Bogota, Colombia, Truora S. A. S. specializes in digital identity verification and customer engagement solutions.

The company was co-founded by a team including Cesar Pino, Daniel Bilbao, and Daniel Ocampo. As of April 8, 2022, Truora raised USD 15. 00 mn in a Series A funding round led by Propel Venture Partners and included participation from Accel, Kaszek Ventures, and Y Combinator. The total amount raised by the company to date is USD 15.

00 mn, with a current valuation of USD 75. 00 mn. Truora specializes in providing digital identity verification and customer engagement solutions aimed at enhancing user experience and operational efficiency across various industries. Their core offerings include identity verification, background checks, automated chatbots, and electronic signature solutions.

The identity verification service allows businesses to validate their users' identities securely and efficiently, utilizing document authenticity checks, facial recognition technology, and real-time data verification. The background check service provides comprehensive reports on individuals, accessing national and international databases for criminal, credit, and legal histories. Automated chatbots facilitate customer engagement through platforms like WhatsApp, enabling businesses to enhance customer interactions by automating responses and promoting products. Truora's products are primarily utilized by sectors such as banking, fintech, e-commerce, and real estate, with their services available in markets across Latin America, including Mexico, Brazil, and Colombia.

Truora's revenue model is centered on offering subscription-based services and transaction fees for its products. Clients across various sectors engage with Truora on a B2B basis, where businesses subscribe to their identity verification and background check services, as well as implement their chatbot solutions into their customer engagement strategies. These services are structured to provide ongoing support, driving recurring revenue through annual or monthly subscription plans. Additionally, Truora's electronic signature services may incur transaction fees based on the volume of documents processed.

The pricing structure is designed to accommodate varying business sizes, ensuring flexibility and scalability for clients as they integrate Truora's solutions into their operational frameworks. In April 2022, Truora S. A. S.

raised USD 15. 00 mn in Series A funding, which will be used to hire additional manpower, strengthen its position in Mexico, and expand into the United States and Europe. The company aims to accelerate growth by launching new products designed to enhance their existing offerings and meet evolving market demands.