FinovateEurope 2014 / Trustev
Presenter Profile:
How they describe themselves: Trustev provides a new approach to fraud prevention through a real-time, online identity verification platform which ensures that merchants know exactly who they are selling to. Focused on delivering enterprise level technologies to anyone transacting online, the company has customers in the online retail, gambling, banking, peer-to-peer lending, and crowd funding spaces.
How they describe their product/innovation: Trustev Retail Decision (Trustev RD) provides real-time verification of customer identities in a physical retail location where across the counter sales are occurring. A software solution that runs on tablets, the product allows in store staff to verify customer identities without requiring customers to produce masses of paperwork.
Developed initially for the Retail Telecom sector, the product has been adapted for other industries.
Product Distribution Strategy: Direct to Business (B2B), through other fintech companies and platforms
Contacts:
Bus. Dev.: Pat Phelan, CEO & Co-Founder, pat.phelan@trustev.com, +44 2035751466
Press: DC Cahalane, CMO, press@trustev.com, +353 851536394
Sales: John Peavoy, VP Sales, john.peavoy@trustev.com, +353 86 8092930
Website: trustev.com
Blog: blog.trustev.com
Twitter: @trustev
HQ: Cork, Ireland
Founded: May 2013
Product Demoed: Trustev Retail Decision
Product Launch: February 2014
Metrics: Founded in early 2013, Trustev currently employs 15 at its HQ in Cork, Ireland and recently opened a Sales Office in New York. In late 2013, Trustev announced one of Europe’s largest ever seed rounds when it raised $3.5M from a mix of international funds – a huge achievement for a company less than a year old. In August 2013, Trustev was named Europe’s Top Technology Startup by the European Commission. The company currently processes in excess of 250,000 records every single day.
Presenters: Pat Phelan (CEO & Co-Founder), Chris Kennedy (CTO & Co-Founder)
- Key Executives
Pat Phelan (CEO & Co-Founder), Chris Kennedy (CTO & Co-Founder), Stephen Fanning (CFO), John Peavoy (VP Sales), Diarmuid Thoma (Director, Fraud & Data Strategy), DC Cahalane (CMO)
Key Stats
- Key Board Members
Anil Hansjee (ex head of M&A, Google EMEA), Trevor Healy, David Coalier (Data Scientist & Investor with successful exits)
- Key Advisory Board Members
Anil Hansjee (ex head of M&A, Google EMEA), Trevor Healy, David Coalier (Data Scientist & Investor with successful exits)
- Key Investors
Greycroft Partners (NYC), Mangrove Capital (UK), ACT Ventures (Ireland), Notion Capital (UK), Wayra (Ireland), Enterprise Ireland (Ireland)
- Key Partnerships
Microsoft – named Startup Partner of the Year in 2013
- Key Customers
Trustev Retail Decision (Trustev RD) provides real-time verification of customer identities in a physical retail location where across the counter sales are occurring. A software solution that runs on tablets, the product allows in store staff to verify customer identities without requiring customers to produce masses of paperwork.