Trust Stamp Takes on Facebook and the Vatican

October 18, 2016

When a startup gets to $1.6M in ARR and secures $1M in funding in its first ten months, you better take notice. Trust Stamp is the only secure identity verification and trustworthiness token that uses social media and other publicly available data to verify your identity and provide a unique FICO-like trust score. They are the fastest growing startup to make our leader board, and when they are taking meetings with Facebook (partnered with Facebook's Marketplace) and the Vatican (yes, the Vatican) you know they are on to something big. And, they just so happen to be one of the nicest teams we know. Isn't it great when that happens?Learn more about this quickly scaling startup from their Founder, Gareth Genner.

What is Trust Stamp?

We provide Trust & Identity as a Service for both B2C and P2P Internet transactions with a common goal of knowing who you are dealing with and whether they are trustworthy. We do this by creating unique digital identities, controlled by their subject and verifiable through a Blockchain via hashed biometric data. Launch customers include the National Association of Realtors and an S&P500 bank that plans to put 40m+ customers on our platform over the next three years.

What do you love most about being in the Village?

I was in the Village with another startup before the renovations and Trust Stamp gave me an excuse to return. We have now moved that original startup back to the Village and have the distinction of being on both top and bottom floors so I ride the elevator a lot! The Village makes good economic sense when you factor in the myriad costs and complexities of a stand-alone office but more importantly, it has been a magnet for talented team members and interns.

What traction do you have?

David Cummings’ blog posts spurred us to set clear 1st year targets and ten-months from startup we have secured $1m+ in funding, $1.6m of ARR and are projecting 2017 NOI in excess of $1m.

Any advice for other startups?

We bootstrapped Trust Stamp to the point of being able to raise capital without incurring “VC terms” and would urge all founders to carefully consider the choice between being “Sovereign" and being “Royal". We are very proud of our sovereignty!So become Trust Stamped and sign up today. As a founder member you will never pay to maintain your account and you will build trust online.Keep dreaming big, y'all.

October 18, 2016
Karen Houghton