Trustpilot

Trustpilot

Online platform for consumer reviews

About

Trustpilot connects consumers with businesses through customer reviews, allowing individuals to share their experiences about various products and services. This platform helps other consumers make informed decisions while encouraging businesses to enhance their offerings based on feedback. Trustpilot serves both consumers and businesses globally, providing a free space for reviews and offering paid subscription services to businesses for advanced features like analytics and review management tools. The company maintains the integrity of its platform through transparency measures, such as its Transparency Report, which fosters trust among users. Trustpilot's goal is to facilitate better purchasing decisions for consumers and help businesses improve their services.

Company Stage

IPO

Employees

1,001-5,000

Industries

Enterprise Software, Consumer Goods

Total Funding

$173.8M

Headquarters

Copenhagen, Denmark

Founded

2007


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Simplify's Take

What believers are saying

  • AI-driven insights meet growing demand for understanding consumer behavior and market dynamics.
  • Partnerships with companies like Hexautoparts enhance Trustpilot's role in customer feedback mechanisms.
  • Strengthened leadership with executives from Adobe and Prosus Group drives growth and innovation.

What critics are saying

  • Emergence of competitors like Trustify360 could dilute Trustpilot's market share.
  • Maintaining review authenticity is challenging, impacting user trust despite removing fake reviews.
  • AI features may face scrutiny over data privacy, leading to potential regulatory challenges.

What makes Trustpilot unique

  • Trustpilot offers AI-driven insights for premium users, enhancing customer behavior understanding.
  • The platform's commitment to transparency is demonstrated by removing 3.3 million fake reviews.
  • Trustpilot's global reach with offices in 7 countries supports diverse consumer and business engagement.

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Growth & Insights
Headcount

6 month growth

5%

1 year growth

13%

2 year growth

21%

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