Truora builds authentication and communication tools that let Latin American startups, marketplaces, fintechs and banks onboard and verify users primarily via WhatsApp. Its technology stack includes automated chatbot conversations, facial recognition, document verification, background checks and the WhatsApp-focused Truconnect product launched in 2021. The company serves over 400 clients across nine countries and averages 400,000–500,000 validations and background checks monthly. Truora reports annual recurring revenue of more than $4 million and expects to grow that by over 5x in the next year. The startup plans to use new capital to expand its WhatsApp onboarding offering in Mexico, hire (with a focus on women in product and engineering) and later expand further in Brazil. Headquarters are in Cali, Colombia, with offices in Mexico, Brazil, Chile, Peru and San Francisco.

Total raised

$15M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2022