Truora

Truora is a RegTech and digital identity verification platform headquartered in Cali, Colombia, with operations across Mexico, Colombia, Peru, Costa Rica, Brazil, and Chile. Founded in 2018 by Daniel Bilbao, Cesar Pino, Maite Muniz, and David Cuadrado, the company participated in Y Combinator's Winter 2019 cohort and has raised over $18 million in funding, including a $15 million Series A in 2022 led by Propel Venture Partners and Accel. Truora serves startups, marketplaces, fintechs, banks, and financial institutions across Latin America, with Mexico City identified as a key growth market. The company offers three core product lines: Digital Identity Verification, which provides KYC and AML compliance through document validation, biometric facial recognition, liveness detection, and OCR technology to authenticate identity documents and prevent fraud; TruChecks, which delivers background screening services accessing criminal, judicial, police, credit, and international records for individuals, vehicles, and companies; and TruConnect, a WhatsApp-based onboarding and communication platform that enables user verification and engagement through conversational AI. The platform integrates advanced technologies including artificial intelligence, machine learning, and deepfake detection to combat sophisticated fraud attempts. Truora reported $16 million in revenues for 2024, representing 60% growth, with digital signature and digital identity each contributing over $6 million. The company employs approximately 215 people across Latin America and maintains operations in Mexico through both direct presence and API integration services. Truora's solutions help clients reduce customer acquisition costs, improve conversion rates, and ensure regulatory compliance with data privacy and AML/KYC requirements.