Truework, which helps lenders verify borrowers’ income and employment, raises $50M
https://techcrunch.com/2022/08/09/truework-which-helps-lenders-verify-borrowers-income-and-employment-raises-50m/
Truework, a company that offers technology to help mortgage and consumer-focused lenders verify the income and employment of borrowers, has raised $50 million in a series C round of funding led by G Squared.
Founded in 2017, San Francisco-based Truework integrates with payroll providers including Gusto, Zenefits, and BambooHR, and enables mortgage providers and lenders (e.g. automotive, personal loans, and student financing) to verify and approve borrowers quickly within their own applications using Truework’s APIs. The company also supports background checks for employers and staffing companies seeking to verify potential new hires.