Truework

Truework

Employment and income verification platform

About Truework

Simplify's Rating
Why Truework is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Data & Analytics

Enterprise Software

Financial Services

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$118.9M

Headquarters

San Francisco, California

Founded

2017

Overview

Truework operates in the employment and income verification sector, providing a platform for businesses to verify applicants' income and employment status. The platform is customizable, allowing businesses to tailor the verification process to their specific needs. Truework's intelligent system efficiently routes verifications to the best method, ensuring quick and comprehensive results. Clients include companies that need to confirm the income and employment of potential employees or loan applicants. Truework's pay-per-result business model means clients only pay for successful verifications, ensuring value for their investment. A strategic partnership with TransUnion enhances Truework's credibility and resources. The platform aims to streamline verification workflows, increase loan pipeline capacity, reduce costs, and mitigate risks associated with income fraud, ultimately helping businesses select the right applicants more effectively.

Simplify Jobs

Simplify's Take

What believers are saying

  • Truework's integration with Empower LOS enhances efficiency for mortgage lenders.
  • The Truework Intelligence Platform accelerates financial workflows with predictive modeling.
  • Randy Lightbody's appointment as Head of Mortgage strengthens Truework's mortgage operations.

What critics are saying

  • Checkr's acquisition may lead to integration challenges affecting Truework's operations.
  • Rapid data network expansion increases the risk of data breaches.
  • Dependency on third-party services like Vault Verify could pose operational risks.

What makes Truework unique

  • Truework offers a pay-per-result model, ensuring clients only pay for successful verifications.
  • The platform's strategic partnership with TransUnion boosts credibility and resource access.
  • Truework's customizable verification process adapts to diverse business needs efficiently.

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Funding

Total Funding

$118.9M

Above

Industry Average

Funded Over

5 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Flexible Work Hours

401(k) Retirement Plan

Family Planning Benefits

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-5%

2 year growth

-1%
Axios
Apr 17th, 2025
Checkr Acquires Truework for $480M

Checkr, a background check provider, is acquiring Truework, an employment verification startup. The acquisition is part of Checkr's strategy to expand its services and enter new markets like financial services and property management. Truework, valued at around $480 million, has raised over $125 million. Checkr, valued at $5 billion, has raised nearly $680 million. Truework will remain standalone, with a multi-year integration plan in place to enhance Checkr's offerings.

PR Newswire
Apr 8th, 2025
Truework Appoints Randy Lightbody As Head Of Mortgage To Advance Next-Generation Verification Solutions For Lenders

Industry veteran brings over 35 years of expertise to accelerate Truework's mission of transforming income and employment verificationSAN FRANCISCO, April 8, 2025 /PRNewswire/ -- Truework, a leading provider of income and employment verification technology, today announced the appointment of Randy Lightbody as Head of Mortgage. With more than 35 years of experience spanning mortgage banking and financial technology, Lightbody brings a unique blend of lender and vendor expertise

National Mortgage Professional
Apr 8th, 2025
Truework Names Randy Lightbody Head Of Mortgage

Income and employment verification platform Truework has appointed Randy Lightbody as its new Head of Mortgage, tapping into his more than three decades of experience in mortgage banking and fintech to lead the company's expanding mortgage-focused operations.

PR Newswire
Mar 20th, 2025
Truework Unveils Truework Intelligence Platform To Uplevel Its Comprehensive Income And Employment Verification Solution

Truework adds data methods, report predictions and more to accelerate financial workflows with machine learningSAN FRANCISCO, March 20, 2025 /PRNewswire/ -- Truework, a leading provider of income and employment verification technology, today announced it is expanding its intelligent orchestration with new data methods, predictive modeling and more to create Truework Intelligence , the first fully automated and comprehensive verification platform for mortgage lenders and property managers.The Truework Intelligence platform covers the end-to-end verification experience by delivering automatic orchestration, data standardization and insights—replacing homegrown vendor "waterfalls" and associated internal processes, eliminating guesswork and handing customers a plug-and-play solution."We started Truework to reinvent the way consumer data was collected and processed for maximum security and accuracy," explained Truework CEO and Co-Founder, Ryan Sandler. "From the early days, machine learning was a core part of our product. It has continued to evolve over time, both through internal modeling efforts and the latest external technologies. The Intelligence Platform is the result of this evolution to truly serve as a single solution for customers."New product features rolling out include:The addition of bank income and tax transcripts to its existing data methods (instant database, payroll connection, automated outreach and documents) to extend coverage to any U.S. employee. Truework automatically engages with one or multiple methods simultaneously and identifies the optimal method until the request is complete

HR Tech Wire
Feb 27th, 2025
Blend and Truework Partner to Expand Income and Employment Verification Solutions Across Home Lending and Consumer Banking

Blend and Truework partner to expand income and employment verification solutions across home lending and consumer banking.

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Truework is Hiring for 1 Jobs on Simplify!

Find jobs on Simplify and start your career today

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We update Truework's jobs every few hours, so check again soon! Browse all jobs →