Trunomi completes $3M round

Customer consent management and permissioned personal data sharing technology company Trunomi has raised $3 million in seed funding. Co-led by Saturn Partners and Fintonia, the round also included WorldQuant Ventures. The funds will be allocated to technology.
Fintonia chairman and CEO Adrian Chng joins Tsunami’s board.

“Consumers globally are becoming increasingly aware of the value of their own data,” Trunomi founder and CEO Stuart Lacey said. “They are also living through a period of intense digitization in financial services. Together with our investors, we recognize that the pressure is truly on financial services providers, not to only meet these market pressures bit to operate in full compliance with a raft of new global data privacy regulations.”

“Tsunami’s solution helps improve access to financial services for individuals and businesses around the world,” Mr. Chng said. “The technology removes friction and creates industry wide efficiencies for customer on-boarding, account opening and know your customer obligations.”

“As data privacy concerns mount globally we are thrilled to continue to back this innovative market-ready technology platform,” Saturn general partner Bill Guttman said.

Like this article? Take a second to support us on Patreon!