Trustap, a Cork, Ireland-based end-to-end digital transaction platform, raised $3.4m in Seed funding.
The round was led by MiddleGame Ventures with participation from Act and Atlantic Bridge.
The company intends to use the funds to accelerate its growth with the roll out of new features and extend marketplace partnerships globally.
Led by Conor Lyden, Founder and CEO, Trustap provides a transparent and secure milestone-based transaction platform for both buyers and sellers. Buyers can track the transaction across each step of the journey with funds held securely and not released until the milestones are complete and they are happy with the purchase. Likewise, sellers have transparency over where funds are being sent, verification of the Buyer’s identity, as well as neat features to collect and ship the item in question. 2021 saw Trustap partner with a number of large marketplaces around the world, securing agreements with global names such as Preloved and Mudah, the largest marketplace in Malaysia. The partnership with Preloved unlocks access to one of the latest classified advertising sites in the UK across 500+ categories.
The company has seen rapid take-up of its services over the past 12 months, more than tripled its workforce and is live in over 40 countries worldwide. It has offices in Croatia, the UK and the US.
The Trustap platform is available for buyers and sellers to use on Mobile App or on Desktop.
FinSMEs
06/04/2022