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Truecaller Acquires Trustcheckr, A Fraud Detection Service

Oct 06, 2023almost 2 years ago

Acquiring Company

Truecaller

Acquired Company

TrustCheckr

StockholmSoftware

Description

Truecaller, the leading global platform for verifying contacts and blocking unwanted communications, has acquired the India-based company Unoideo Technologies Pvt Ltd. The company provides the service TrustCheckr that through a SaaS platform helps businesses verify customer information and detect risk of fraud based on phone numbers and digital signals. TrustCheckrs current offering has attracted interest from companies in different industries with the most noticeable interest coming from banks, fintech, and other financial institutions. The acquisition will strengthen Truecaller's risk intelligence tool for enterprises, which was launched last week, and with improved tech it will speed up the roll-out of that offering.

Company Information

Company

Truecaller

Location

Stockholm, Stockholm County, Sweden

About

Truecaller is the leading global platform for verifying contacts and blocking unwanted communication for over 420 million people every month. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Our mission, the reason for our being, is to build trust in communication.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed