ID Verification Startup Trulioo Raises $394 Million, Valued at $1.75 Billion

Trulioo, a Canadian-based startup that provides electronic identity and address verification globally, said on Monday it raised $394 million in a funding round led by venture capital firm TCV and that it is now valued at $1.75 billion.

Trulioo‘s mega funding round comes as the pandemic accelerated the digitization of businesses and e-commerce firms and financial firms need ways to verify customers’ identities for secure transactions.