Truist - About the company
Truist is an acquired company based in Charlotte (United States), founded in 1872. It operates as a Provider of wealth advisory services. Truist has raised $900K in funding, with last known valuation of $15.5B. The company has 6880 active competitors, including 249 funded and 1477 that have exited. Its top competitors include companies like First Republic Bank, Investec and Citizens Bank.
Company Details
Provider of wealth advisory services. It offers a range of banking services, including checking and savings accounts, credit cards, mortgages, small business and commercial banking. It allows users to invest and also provides banking services.
- Website
- Social
- Phone Number
- +1
- Part Of
- frontstream.com
Key Metrics
Founded Year
1872
Location
Charlotte, United States
Stage
Acquired
Total Funding
in 2 rounds
Latest Funding Round
Last Known Valuation
as on Feb 20, 2024
Investors
Ranked
1st among
Employee Count
as on Dec 31, 2022
Investment & Acquisitions
Imprint &
Similar Companies
&
Exit Details
Acquired by FrontStream (Mar 03, 2014)
Legal entities associated with Truist
Truist is associated with 7 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CIN: 580654 United States, Active | Aug 15, 2018 | - | - | - |
CIN: 581043 United States, Active | Aug 21, 2018 | - | - | - |
CIN: 580676 United States, Active | Aug 15, 2018 | - | - | - |
CIN: 750556 United States, Deadpooled | May 04, 1983 | - | - | - |
CIN: 92230 United States, Deadpooled | - | 55480 (as on Dec 31, 2022) | - | |
CIN: 63-1057974 United States, Deadpooled | Dec 31, 2013 | - | - | - |
CIN: 56-093988 Belgium, Active | - | 59000 (as on Dec 31, 2019) | - |
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Truist's acquisition details
Truist got acquired by FrontStream on Mar 03, 2014.
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Truist's funding and investors
Truist has raised a total funding of $900K over 2 rounds. Its first funding round was on Oct 30, 2008. Its latest funding round was a Series E round on Dec 12, 2010 for an undisclosed amount. 4 investors participated in its latest round, which includes SJF Ventures, CDVCA, Bay Capital Investment Partners and Enhanced Capital Partners.
Truist has 6 institutional investors including SJF Ventures, and .
Here is the list of recent funding rounds of Truist:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Dec 12, 2010 | Undisclosed | Series E | 9529731 | 5711347 | |
Oct 30, 2008 | $900K | Unattributed | 1047107 | 4128813 |
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Truist's founders and board of directors
Truist's employee count trend
Truist has 55,480 employees as of Dec 22. The total employee count is 7.0% more than what it was in Dec 21. Here is Truist's employee count trend over the years:
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Truist's Competitors and alternates
Top competitors of Truist include First Republic Bank, Investec and Citizens Bank. Here is the list of Top 10 competitors of Truist, ranked by 秘密研究所 score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | 秘密研究所 Score |
|---|---|---|---|---|---|
1st |  Truist 1872, Charlotte (United States), Acquired | Provider of wealth advisory services | $900K | SJF Ventures, CDVCA听&补尘辫;听 | 77/100 |
2nd | First Republic Bank 1985, San Francisco (United States), Acquired | Commercial bank | - | General Atlantic, GI Partners听&补尘辫;听 | 75/100 |
3rd |  Investec 2010, London (United Kingdom), Acquired | Provider of global banking, investment, and wealth management services | - | Swedfund, Randvest Capital听&补尘辫;听 | 75/100 |
4th | Citizens Bank 1828, Providence (United States), Public | Commercial bank | - | 71/100 | |
5th | KeyBank 1849, Cleveland (United States), Public | Regional bank | - | 71/100 | |
6th | Huntington National Bank 1866, Shelton (United States), Public | Commercial bank | - | 71/100 | |
7th | First National Bank 1864, Pittsburgh (United States), Public | Commercial bank | $56.3M | 71/100 | |
8th | Citi 1812, New York City (United States), Public | Commercial bank | - | ValueAct Capital, 听&补尘辫;听 | 71/100 |
9th | United Community Bank 1950, Blairsville (United States), Acquired | Commercial bank | $380M | 70/100 | |
10th | Scotiabank 1832, Toronto (Canada), Public | Commercial bank | - | 70/100 |
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Truist's Investments and acquisitions
Truist has made 40 investments in companies including Imprint and . Truist has also acquired 3 companies including Long Game and Service Finance. Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Apr 03, 2025 | Investments | 2020 | New York City, United States | |
Mar 04, 2025 | Investments |  | 2022 | New York City, United States |
Jan 23, 2025 | Investments | 2019 | Austin, United States |
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Reports related to Truist
Here is the latest report on Truist's sector:
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News related to Truist
Media has covered Truist for a total of 236 events in the last 1 year, 93 of them have been about company updates and 21 about people movement.
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