Trunomi raises $3 million in seed funding
3rd October 2016
Trunomi, the Level39 member which develops KYC data-sharing tech, has raised $3 million in seed funding.
The round included Fintonia Group, a fintech VC firm based in Singapore and WorldQuant Ventures in the US.
The round was also co-led by Saturn Partners and Fintonia, with the former adding to their investment in Trunomi along with several other existing investors.
The investment will be used to continue evolving Trunomi’s technology in response to a demanding regulatory environment for financial institutions, and build on the business’ latest industry successes.
Stuart Lacey, CEO and founder of Trunomi, said: “Consumers globally are becoming increasingly aware of the value of their own data. They are also living through a period of intense digitization in financial services. Together with our investors, we recognize that the pressure is truly on financial services providers, not only to meet these market pressures but to operate in full compliance with a raft of new, global data privacy regulations.”
In May this year Trunomi scooped the Benzinga award for ‘Most Promising Startup’ – check out the details here.