Work Here?
About Truework
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$118.9M
Headquarters
San Francisco, California
Founded
2017
Overview
Truework provides a single platform to verify a job applicant’s income and employment status. It works by automatically routing each verification to the most efficient method and returning a completed, verified result. The platform is highly customizable so businesses can tailor the verification workflow to their needs, and clients only pay when a verification is completed accurately (pay-per-result). A key advantage is its partnership with TransUnion, which adds credibility and resources. Compared with competitors, Truework emphasizes automatic routing, faster verifications, and a value-based pricing model, along with strong risk controls. The company aims to increase loan pipelines for lenders, reduce verification costs and manual work, speed up approvals, and decrease income fraud, helping businesses convert more applicants while verifying them quickly and reliably.
Simplify's Take
What believers are saying
- Checkr's $480M acquisition expands into financial services markets.
- Instant network grew to 48 million employees via Vault Verify partnership January 10, 2024.
- Randy Lightbody appointed Head of Mortgage April 8, 2025.
What critics are saying
- Checkr integration erodes 75% completion rate within 12 months.
- TransUnion disintermediates Truework using TruVision in 24 months.
- Mortgage downturn cuts verification volume 20% in 6 months.
What makes Truework unique
- Truework unifies all VOIEA sources into one automated platform.
- Truework Intelligence uses machine learning for predictive modeling launched March 20, 2025.
- Truework Guardian secures automated verifications with risk scoring.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$118.9M
Above
Industry Average
Funded Over
5 Rounds
Menlo VenturesBenefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Flexible Work Hours
401(k) Retirement Plan
Family Planning Benefits
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -4%2 year growth
↓ -4%Truework, a platform that delivers verification reports, partnered with research firm Prodege to conduct a national, online survey of people who took the plunge and bought a home within the past 24 months - despite historic socioeconomic roadblocks, not the least of which were rising loan rates.
Previously, TrueWork had raised around $119 million in venture funding.
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.
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
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.
Truework is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Truework
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$118.9M
Headquarters
San Francisco, California
Founded
2017
Truework is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today