Trulioo Expands Presence in Remittance Sector with Five New Partners
Identity specialist Trulioo has announced five new clients in the remittance industry for its GlobalGateway real-time identity verification solution, which will aim to authenticate people seeking to transfer money around the world.
The latest companies to adopt GlobalGateway to help them meet various compliance requirements, prevent fraud and secure online financial transactions are Sokin, Bano Financial, Global66, SwapMoney and Supersonicz.
“With more remittances done digitally than ever before, we are excited to partner with these innovative companies and help them meet regional and local compliance challenges while providing safe and inexpensive options for senders and fund recipients, ”said Steve Munford, CEO of Trulioo.
This announcement builds on a busy period for Trulioo after the company officially achieved tech unicorn status in June of this year following a Series D funding round in which it raised an impressive amount of $ 394 million.
Shortly after the funding announcement, Trulioo took steps to strengthen its presence in Africa, bringing GlobalGateway to Kenya where it is positioned to assist the country in the aggressive digital transformation it is currently undertaking with the aim of achieve middle-income country status by year. 2030 through its Kenya Vision program.
In addition to his work with GlobalGateway, Trulioo has also been a voice of caution during the COVID-19 pandemic, arguing that biometrics has the potential to be the key to helping financial institutions cope with the increased rates of fraud caused by the growth in online traffic during the pandemic.