Trustpair

Trustpair is a fraud prevention platform that helps organizations mitigate fraud risks during the vendor lifecycle, from onboarding to secure payments, by providing automated account validation and ongoing monitoring solutions. Founded in 2017 by Alexandre Gillier, Baptiste Collot, and Simon Elcham, Trustpair operates out of Paris, France. The company has successfully completed 4 deals, with its most recent funding round, VENTURE DEBT, raising EUR 3 million on October 3, 2022. Trustpair has raised a total of EUR 17 million since its inception.

Baptiste Collot currently serves as the CEO. Trustpair offers a comprehensive fraud prevention platform designed to safeguard organizations against fraud risks throughout the entire vendor lifecycle, from supplier onboarding to secure payments. The core product includes automated account validation and a secure database for ongoing monitoring of suppliers, ensuring the verification of payment files and the security of transactions. By leveraging real-time controls and advanced verification methodologies, Trustpair effectively addresses critical use cases such as vendor fraud prevention, enhancing the reliability of supplier data and payment integrity for finance departments.

The platform caters to a diverse clientele, including finance leaders in various sectors such as procurement, treasury, and account payables, with a focus on global markets spanning Europe, North America, and Asia. Trustpair's solutions are particularly beneficial for organizations that require seamless integration with existing systems, making it easier to implement robust fraud prevention measures. Trustpair generates revenue primarily through a subscription-based model, offering various pricing plans tailored to the needs of organizations looking to bolster their fraud prevention capabilities. Clients typically engage with Trustpair on a contractual basis, where the firm provides ongoing access to its automated validation platform, integrated into clients' financial systems.

The revenue structure may involve fees based on the volume of transactions processed or the number of users accessing the platform, thereby aligning the company's offerings with clients' operational needs. Trustpair's flagship product, the Vendor Fraud Prevention Platform, serves as a cornerstone of its business model, enabling clients to maintain secure payment campaigns while minimizing the risks associated with vendor fraud. The company's commitment to continuous monitoring and verification enhances the value proposition for its clients, driving a reliable revenue stream through long-term partnerships. In October 2022, Trustpair raised EUR 3 million in debt funding to secure its position in France and expand its sales activities internationally in Europe and the United States.

The company plans to utilize this funding to enhance its support in managing third-party risks as it targets specific geographic regions for growth.