The Acquisition:
Trulioo, a Canadian market leader in consumer identity verification, has acquired HelloFlow, a Danish fintech company on 8th feb 2022.
The acquisition will allow Trulioo to deliver an enhanced end-to-end identity platform faster by merging GlobalGateway’s onboarding workflow and risk management capabilities with HelloFlow’s onboarding workflow and risk management capabilities.
Trulioo, which was valued at US$ 1.75 billion after a US$ 394 million Series D fundraising round in July of last year, expects to double the size of its staff and continue to expand its global reach in 2022. The existing premises and operations of HelloFlow will aid the company’s European expansion.
HelloFlow, a Danish fintech that received $1.6 million in seed funding in July of last year, connects with ID authentication providers in local markets to provide a plug-and-play platform for client onboarding that allows businesses to set up procedures fast without having to write custom code.
What the founder has to say:
“For all digital activity, establishing and securing trust online is a foundational step,” explains Steve Munford, president, and CEO of Trulioo. “Our ability to internationally verify organizations and individuals, paired with HelloFlow’s superior orchestration, gives us unrivaled capabilities and enables us to develop an end-to-end identity platform that matches our clients’ increasing needs.”
About HelloFlow:
HelloFlow was founded in 2010 and has since developed a unique digital solution for customer onboarding and identity verification that businesses may employ. The solution enables businesses to create their onboarding workflows in minutes while still adhering to KYC and anti-money laundering regulations.
About Trulioo:
Trulioo is a global leader in identity verification. Trulioo created the GlobalGateway platform, the world’s most extensive data and identity services network for corporate and individual verification. The platform verifies 5 billion people and 330 million businesses in real-time worldwide, guaranteeing those online transactions are conducted safely and securely and in accordance with existing norms and regulations.
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