California-based consumer reporting agency Trooly has secured $10M in Series A funding, led by Bain Capital Ventures and Milliways Ventures. Trooly's Instant Trust rating service is currently used by the world’s largest peer-to-peer marketplaces and financial institutions to verify, screen and predict individual trustworthiness.
“Trooly has built an impressive service that demonstrates the full potential of machine learning,” said Ajay Agarwal, managing director of Bain Capital Ventures. “They’re not simply using data to automate an existing process. They’re addressing an entirely new need – one that’s particularly critical for today’s financial institutions and peer-to-peer marketplaces. We’re excited to help Savi and team grow the business.” “Trooly is exactly the kind of company we love to fund – deep computer science with big impact,” said Anand Rajaraman, partner at Milliways Ventures. “We’re thrilled to see the progress Trooly has made since our seed investment two years ago. Their vision and technology have been proven in some of the most cutting-edge customer environments. Now it’s time to scale the business and deepen Trooly’s reach across customers and use cases.”