Trulioo confirms new partnerships with four payments companies


Valentina Vitali
Valentina Vitali
FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • Trulioo, which offers a “risk-based approach to identity verification”, has confirmed new partnerships with four different payments firms in Europe following its recent securing of Series D funding.
  • The company now intends to boost its headcount in its Dublin office by 300% and expand its customer base in the European market.
  • “Turning to our expertise in global identity verification helps deliver frictionless customer onboarding for real-time payments, fueling the digital economy,” said a senior spokesperson for the firm.

A major provider of global identity verification has confirmed new partnerships with four online money transfer firms. 

Trulioo said that it had struck deals with Sokin, Pollen Technologies, XanderPay and PayDo. 

It comes after the company secured almost US$400m in Series D funding, which was agreed last month. 

The firm now intends to expand its footprint in Europe and grow its staff in Dublin, Ireland by 300%.

It is doing this as part of a push to grow its customer base and support its current partnership portfolio. 

The payments firms that are now on board picked Trulioo to assist with their verification and compliance requirements.

The firms are well respected in their fields and are diverse in nature and sector coverage.

PayDo, for example, is a major provider of EU IBAN and e-wallet services.

Pollen Technologies, meanwhile, is a white label banking platform.

Sokin works with corporations and private individuals, and XanderPay specialises in payments for those in the hotel business.

Trulioo’s GlobalGateway platform operates in over 195 nations worldwide and allows for the verification of more than 5 million individuals. 

In a press release, Trulioo shared more information about the nature of the partnerships and what the firm would offer them.

“Through the world’s largest marketplace of identity data and services, Trulioo GlobalGateway orchestrates real-time identity checks that adhere to a diverse range of compliance requirements, prevent fraud, and increase trust and safety online,” it explained. 

It added that it empowers firms to take decisions based on risk.

“Trulioo enables organisations to take a risk-based approach to identity verification, allowing clients to choose a balanced integration of human judgment and automated technology in the Customer Due Diligence process,” it said. 

A senior spokesperson for the company pointed out that payments firms needed assistance when it comes to enabling international payments to be made in a regulation-friendly context.

Steve Munford, who is the chief executive officer of Trulioo, said that his firm’s offer is “frictionless”. 

“Payments providers grapple with facilitating cross-border transactions while meeting ever changing regulatory requirements,” he said. 

“Turning to our expertise in global identity verification helps deliver frictionless customer onboarding for real-time payments, fueling the digital economy.”

Get more information about the workings on the international money transfers industry by heading over to our reviews pages.

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