Trustev

http://www.trustev.com

Wayra // Wayra IE Batch 1 starting 2012-11-01

Exited

Key notes: Trustev increases sales and stops fraud for e-commerce and financial companies.

Office address: 2100 Cork Airport Business Park, Cork, Cork, Ireland

Description: Trustev offers a totally modern approach ecommerce fraud prevention through real-time online identity verification. It focuses on validating the individual making the transaction, not just the payment method they're using. The platform delivers individual, real time decisions for every one of your customers using multiple dynamic data sources (behavioral, transactional and social) instead of restrictive rules based decisioning and profiling. 
 Trustev’s easy to integrate platform works by verifying consumer’s identities in real-time, using thousands of dynamic data points from sources such as deep location, email verification, device ID, social fingerprinting, proxy/VPN piercing, site velocity & behavior, browser ID and mobile location. It uses proprietary algorithms to combine all this data and compile it into a single, simple score of 1-100. This score is then used to provide a recommendation or allow, deny of flag the transaction. The Trustev platform enables rapid identity decisions in real time with an easy to integrate (very light touch), completely data driven and cost effective solution that works in the background, to ensure no disruption to the customer’s online experience. This results in a significant reduction in false positives leading to substantially increased revenues and increased sales opportunities while maintaining a customer centric experience at all times. Trustev's solution is focused on dramatically reducing the cost burden of fraud on your business, the cost of policing fraud and also maximizing revenues opportunities.

View details on Crunchbase:

http://www.crunchbase.com/organization/trustev

$ 7,826,121 over 5 funding rounds.

Exit value: $ 44,000,000

Seed-DB Exit data:

Exit value = $ 44,000,000. (Confidence = )

Angellist Page:

https://angel.co/trustev

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Funding Rounds

Date	Name	$ Invested	Crunchbase link
2014-11-01	convertible_note	$ 3,207,168	Detailed data
2013-02-14	angel	$ 300,000	Detailed data
2013-10-30	seed	$ 3,000,000	Detailed data
2013-12-16	seed	$ 500,000	Detailed data
2015-07-01	seed		Detailed data

Investors

Round Date	Round Name	Investor	Crunchbase Link
2013-10-30	seed	David Coallier	Investor Profile
2013-12-16	seed	Notion Capital	Investor Profile
2014-11-01	convertible_note	Greycroft Partners	Investor Profile
2015-07-01	seed	Wayra	Investor Profile
2014-11-01	convertible_note	Wayra	Investor Profile
2013-02-14	angel	Wayra	Investor Profile
2014-11-01	convertible_note	ACT Venture Capital	Investor Profile
2013-10-30	seed	David Coallier	Investor Profile
2013-10-30	seed	ACT Venture Capital	Investor Profile
2013-10-30	seed	Wayra	Investor Profile
2013-10-30	seed	Notion Capital	Investor Profile
2013-10-30	seed	Mangrove Capital Partners	Investor Profile
2013-10-30	seed	Greycroft Partners	Investor Profile
2014-11-01	convertible_note	Mangrove Capital Partners	Investor Profile
2013-10-30	seed	Enterprise Ireland	Investor Profile
2013-10-30	seed	Kevin Abosch	Investor Profile
2013-10-30	seed	Shane Naughton	Investor Profile