UST Global Invests in Trulioo, Saurabh Ranjan Joins Board of Advisors

Trulioo today announced that it received an investment from UST Global, a provider of end-to-end IT services and solutions for Global 1000 companies.

As part of the UST deal, Saurabh Ranjan will join Trulioo’s Board of Advisors.

Trulioo, a global identity verification company, covers more than three billion people in 35 countries through a single integration.

“As corporations continue to invest in identity management and compliance systems, we see value in Trulioo’s unique offering,” said Saurabh Ranjan, Managing Director for UST. “We invest in agile companies with high customer demand and a need to scale quickly.”

“Helping our customers comply with regulatory requirements for anti-money laundering and watchlist checking at a global scale is our mission,” said Stephen Ufford, CEO of Trulioo. “Fueled by mobile technology, cross-border commerce continues to grow at a record pace.”

Since launching in 2011, Trulioo has verified 100 million online identities and raised $10 million in venture capital.