TransUnion invests in Truework

Truework, a startup offering verification for one’s income and employment, has entered into a strategic partnership with TransUnion.

As part of the partnership, the consumer credit reporting company is investing $24 million in Truework.

Founded in 2017, the San Francisco-based startup integrates with third-party services, such as payroll providers, to help companies verify users for different use cases such as credit and risk.

With this new deal, Truework becomes a preferred provider of verified income data for TransUnion customers.

“We expect that our collaboration will allow customers to derive superior insights and make more informed decisions by providing a broader view of consumers. We see great synergies with Truework that will allow us to provide a more holistic view of each individual and look forward to continuing to grow this partnership.” – Hilary Chidi, EVP, Credit Risk Solutions and chief sustainability officer of TransUnion.

“TransUnion is a global leader in credit data and insights. Our partnership signals a new era for thousands of businesses and millions of consumers who will benefit from accurate and accessible income data paired with TransUnion’s deep product catalog.” – Ryan Sandler, CEO and co-founder of Truework.