Trulioo Raises $15 Million, Largest Fintech Round of 2015

Global ID verification company Trulioo has raised $15 million in financing from American Express Ventures and existing investors BDC Capital, Blumberg Capital and Tenfore Holdings – marking the first investment by Amex in a Canadian startup, and the largest financial technology financing of 2015 in Canada.

Trulioo was founded by serial entrepreneur Stephen Ufford to improve trust and safety online, and has been focused on compliance and fraud risk mitigation in the fast growing cross border payment industry.

LaBarge Weinstein acted as counsel to Trulioo with a team that included James Smith and Emma Mohns.

Read more about the deal here.