truID

What they do:

truID distributes consumer banking data through secure digital technology, authorized by the consumers’ consent. Their model gives banking institutions, financial lending institutions and credit retail stores the functionality to digitally access customer banking information (e.g. transaction histories and bank statements) directly from the customer's bank account and extract for account confirmations, income verifications and expenditure categorization.

Why we invested:

truID has ambitions to disrupt financial services, enabled through Open Finance unrivalled analytics, insights and payments. Within 5-years they want to enable 2,5 million consumers a month across South Africa & Developing markets, to share their data & initiate payments through truID’s Open Finance Platform.

The Founders

Dmitry Drabkin is the Co-Founder and COO of truID. He has extensive experience in financial and management consulting.

Christian Schuit is the Co-founder and CTO of truID. Experienced enterprise and software solution architect with 15+ years of demonstrated history of designing and delivering fit-for-purpose digital transformation strategies, platforms and solutions.

Paris Valakelis is the Co-Founder and CEO of truID. He has extensive experience in the fintech industry, having worked as a product manager, business analyst and software developer for various companies

Active in:

South Africa