Truth Technologies
2024 Revenue
$7M
Customers
900
Funding
$0
YOY
518%
Avg ACV
$7.8K
Team
17
Founded
1996
How Truth Technologies CEO Egide Thein grew to $7M revenue and 900 customers in 2024.
Developer of a risk compliance platform created to offer anti-money laundering protection. The company's platform offers enhanced due diligence reports in a variety of report formats and can provide comprehensive background information on individuals and organizations, enabling financial sector and related industries to access services of regulatory compliance, fraud detection and pattern recognition systems.
Last updated
Truth Technologies Revenue
In 2024, Truth Technologies's revenue reached $7M. The company previously reported $1.7M in 2024. Since its launch in 1996, Truth Technologies has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Truth Technologies Hit $7m revenue in November 2024 | |
| 2024 | Truth Technologies Hit $1.7m revenue in October 2024 | |
| 2023 | Truth Technologies Hit $1.1m revenue in December 2023 | |
| 2021 | Truth Technologies Hit $786.6k revenue in April 2021 | |
| 1996 | Launched with $0 revenue |
Truth Technologies Valuation, Funding Rounds
Truth Technologies is a bootstrapped Anti Money Laundering Software startup. Founded in 1996, Truth Technologies has grown to $7M in revenue without raising any venture capital or outside funding.
As a self-funded Anti Money Laundering Software SaaS company, Truth Technologies has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Egide Thein
After a distinguished career in international diplomatic relations, Mr. Thein founded Truth Technologies to combat money laundering and fraud in the global financial sector. He brings years of experience from the banking sector, which provides unique viewpoints on the best ways to stop financial crime. Mr. Thein is also the founder of Noah’s Ark Communities, a non-profit dedicated to providing safe, residential housing to adults with developmental disabilities. Noah’s Ark is committed to empowering individuals who have developmental disabilities by advocating on their behalf and by providing or facilitating choices of meaningful employment, recreational and social opportunities and affordable housing in an inclusive community of their choice.
Q&A
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Customers
Truth Technologies serves 900 customers.
Truth Technologies Employees & Team Size
Truth Technologies employs approximately 17 people as of 2026, down from 18 in 2023, including 14 sales reps that carry a quota. It serves 900 customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 17 employees (October 2024) |
| 2023 | Reached 18 employees (December 2023) |
| 2022 | Reached 19 employees (December 2022) |
| 2021 | Reached 15 employees (December 2021) |
| 2021 | Reached 13 employees (April 2021) |
Frequently Asked Questions about Truth Technologies
What is Truth Technologies's revenue?
Truth Technologies generates $7M in revenue.
Who founded Truth Technologies?
Truth Technologies was founded by Egide Thein.
Who is the CEO of Truth Technologies?
The CEO of Truth Technologies is Egide Thein.
How much funding does Truth Technologies have?
Truth Technologies raised $0.
How many employees does Truth Technologies have?
Truth Technologies has 17 employees.
Where is Truth Technologies headquarters?
Truth Technologies is headquartered in Naples, Florida, United States.
Compare Truth Technologies to the industry
Truth Technologies operates across multiple industries. Browse revenue, funding, and growth data for Truth Technologies in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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