Truv

Truv

Consumer-permissioned financial data platform and tools

Overview

Truv provides a consumer-permissioned data platform for financial organizations, offering income and employment verification, direct deposit switching, and employment history verification. It connects to consumer-permissioned data sources and delivers verifiable information through a developer-friendly interface with reporting, user invitations, and production access. It differentiates by offering access to every consumer-permissioned financial data source, enabling rapid deployment and a broad set of verification tools to reduce time, cost, and risk. Its goal is to help lenders close deals faster, grow their customer base, and manage risk using high-quality, comprehensive data.

About Truv

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

Industries

Data & Analytics

Enterprise Software

Fintech

Financial Services

Company Size

51-200

Company Stage

Series A

Total Funding

$28.5M

Headquarters

New York City, New York

Founded

2020

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Simplify's Take

What believers are saying

  • Checkr's August 18, 2026 acquisition validates Truv's government-benefits and mortgage distribution.
  • CalSAWS' August 19, 2026 BenefitsCal rollout expands Truv into high-volume public-sector usage.
  • Pylon and Vesta integrations in July 2026 keep Truv embedded in lender decisioning.

What critics are saying

  • Checkr bought Truv on August 18, 2026, so Truv's brand and org disappear fast.
  • Truv's mortgage focus overlaps Checkr's Truework, creating product cannibalization after integration.
  • State-agency verification exposes Truv to procurement delays, compliance failures, and one lost Medicaid contract.

What makes Truv unique

  • Truv built payroll-direct verification across 96% of U.S. workforce, per Checkr's August 18, 2026 announcement.
  • BenefitsCal's July 2026 guide embeds Truv for California income verification inside state benefits applications.
  • Vesta, Pylon, and mortgage LOS integrations make Truv a workflow layer, not a point solution.

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Funding

Total Funding

$28.5M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$25M
Truv
$30M
Kalshi

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Remote Work Options

Paid Vacation

Professional Development Budget

Stock Options

401(k) Retirement Plan

Unlimited Paid Time Off

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-2%
PYMNTS
Aug 18th, 2026
Checkr acquires Truv to strengthen mortgage verification and enter government benefits sector

Checkr has acquired Truv to expand its identity verification capabilities in the mortgage and government sectors. The deal strengthens Checkr's mortgage business and marks its entry into government through benefits eligibility verifications. Truv serves mortgage industry clients and state agencies administering social services programmes. The acquisition builds on Checkr's recent expansion into mortgage, tenant and personal verification solutions. Checkr CEO Daniel Yanisse said the company aims to build a single platform helping businesses, government agencies and individuals navigate verification with greater accuracy and speed. Truv CEO Kirill Klokov said the combined entity will bring trusted data to more organisations whilst improving experiences for people affected by high-stakes decisions. The move comes as AI-powered fraud increases demand for stronger identity and income verification systems.

CalSAWS
Jul 20th, 2026
CalSAWS Buzz Vol. 8 Issue 3.

CalSAWS Buzz Vol. 8 Issue 3. July 20, 2026 July in California always brings the heat. With the upcoming 2026 releases and into 2027 Calsaws is keeping it hot as Calsaws move forward with the H.R. 1 roll out, FCED implementation and phase 1 of Truv Income Verification Integration with BenefitsCal. Get the latest from the Buzz Vol. 8 Issue 3.

Business Wire
Jun 23rd, 2026
Truv powers instant income verification in Pylon's autonomous mortgage platform

Truv, a provider of consumer-permissioned income, employment and asset verification, has partnered with Pylon to power real-time verification within Pylon's autonomous mortgage origination platform. The integration enables instant income verification for mortgage applications, streamlining the origination process by eliminating manual documentation requirements.

News Channel Nebraska
May 15th, 2025
Vesta partners with Truv to enhance borrower verification processes for mortgage lenders

SAN FRANCISCO, CA, UNITED STATES, May 15, 2025 /EINPresswire.com/ - Vesta, the next-generation mortgage LOS, is proud to announce its partnership with Truv, a leading provider of income, employment, and asset verification solutions.

PR Newswire
Nov 7th, 2024
Truv And Lodasoft Announce Strategic Integration To Streamline Mortgage Verifications

NEW YORK, Nov. 7, 2024 /PRNewswire/ -- Truv, a leading provider of income, employment, asset and home insurance verification solutions, and Lodasoft, an innovative digital workflow platform designed by mortgage experts to automate the lending process, announced a strategic integration that will empower mortgage lenders with seamless, real-time verification capabilities directly within the loan application. Partnership Highlights Real-time Verification: Eliminate manual document gathering and reduce processing times with consumer-permissioned data retrieved directly from payroll providers. Seamless Integration: Enhance the borrower journey with a smooth, native experience within the Lodasoft platform, taking borrowers 30 seconds to complete on average

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