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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
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.
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 | Source |
|---|
CEO
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.
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Truth Technologies serves 900 customers.
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.
Truth Technologies generates $7M in revenue.
Truth Technologies was founded by Egide Thein.
The CEO of Truth Technologies is Egide Thein.
Truth Technologies is bootstrapped and has not raised outside funding.
Truth Technologies has 17 employees.
Truth Technologies is headquartered in Naples, Florida, United States.
Truth Technologies operates across multiple industries. Browse revenue, funding, and growth data for Truth Technologies in each sector below.
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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2024 Revenue
$7M
Customers
900
Funding
$0
Avg ACV
$7.8K
Team
17
Founded
1996
| Year | Milestone | Source |
|---|---|---|
| 2024 | Truth Technologies Hit $7m revenue in November 2024 | |
| 2024 | Truth Technologies Hit $1.7m revenue in October 2024 | Estimated |
| 2023 | Truth Technologies Hit $1.1m revenue in December 2023 | Estimated |
| 2021 | Truth Technologies Hit $786.6k revenue in April 2021 | |
| 1996 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 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) |
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