Rising Cross-Border Transactions Drive Rapid Growth Across Marketplaces and Financial Services Enterprises
BANGKOK–(BUSINESS WIRE)–Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced a 64% year-over-year revenue increase in the APAC region. The milestone stems from significant growth in verification transactions across industries, including a 37% rise for online marketplaces and a 55% increase among fintech enterprises.
Trulioo strategically expanded into the APAC region in 2023 to deepen its commitment to helping organizations navigate complex regulatory requirements and detect even the most sophisticated fraud threats. Trulioo has supported APAC enterprises in expanding across the globe and international organizations as they enter the Asian market.
“The exceptional growth in the APAC region is a testament to the strength of our platform and the deep trust customers have in Trulioo to support their global expansion,” said Vicky Bindra, Trulioo CEO. “Customers are choosing Trulioo to accomplish more, whether it’s reducing their manual onboarding processes or achieving compliance with complex regulations. Our ongoing innovation and world-class support will continue to empower enterprises to succeed in markets across the globe.”
The demand for robust identity verification continues to grow as global organizations face a boom in cross-border payments, evolving regulatory requirements and sophisticated fraud threats. With deep local expertise and expansive global coverage, Trulioo sets the benchmark for modern identity and business verification that helps enterprises build trust anywhere in the world.
“Our Singapore office serves as a hub for innovation and local expertise, and we’re proud to deliver tailored solutions and 24/7 support to global enterprises,” said Ivan Yang, Trulioo APAC director of operations. “Our rapid growth in the region ties directly to our customers’ evolving needs, and we’re committed to being their trusted partner in navigating the ever-changing digital landscape.”
To meet with Trulioo at Money20/20 in Bangkok, visit booth 3007 at Queen Sirikit National Convention Center. For more information about Trulioo, please visit trulioo.com.
About Trulioo:
Trulioo is the world’s identity platform, trusted by leading companies for their verification and fraud prevention needs. Offering business and person verification across the globe, Trulioo covers 195 countries and can verify more than 14,000 ID documents and 700 million business entities while checking against more than 6,000 watchlists. Trulioo enables global companies to prevent fraud with hundreds of predictive risk signals, consortium data and industry-specific machine learning models. Its comprehensive suite of in-house capabilities, integrated across a single automated platform, powers customizable onboarding workflows tailored to meet any market requirement. Combining its state-of-the-art technology with expertise across diverse markets, Trulioo enables the highest verification assurance levels, optimizing onboarding costs and fostering trust in the global digital economy.
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