Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID), the
Privacy-First Identity CompanyTM providing AI-powered trust and
identity services used globally across multiple
sectors, announces a partnership with letus (previously
RentMoola), a cloud platform disrupting the rental industry with
innovative financial solutions like flexible rent. Together, letus
and Trust Stamp are transforming rental accessibility and risk
management with secure screening and financial tools backed by
leading biometric identity verification and data protection
solutions.
letus empowers renters to balance their paychecks and build
their financial status through flexible rent and credit bureau
reporting while landlords collect rent on time and in full. With
mom-and-pop ownership of over 20.5M rental units in the U.S. and
synthetic identity fraud on the rise, this partnership addresses a
massively underserved market with an accessible, convenient, and
flexible payments infrastructure secured by cutting-edge
privacy-first identity technology.
“We take the safety of our customers seriously. Now, we provide
the highest level of protection used by S&P 500 banks, global
financial institutions, and the United States government to our
renters and landlords,” shares Karthik Manimozhi, CEO of
letus.
Trust Stamp’s proven facial biometric
verification, document validation,
and data-protection technologies establish a robust risk
assessment process to protect landlords from synthetic identity
fraud attacks while reducing costs, friction, and intrusiveness
when compared to traditional early-screening background checks. The
Company’s first-of-its-kind biometric multi-factor authentication
solution (Biometric MFATM) further layers streamlined security and
data-protection into letus’s powerful suite of tools, including
flexible rent, credit reporting, financial literacy tools, and
more, that democratizes tenants’ access to financial services.
Trust Stamp President and Co-Founder Andrew Gowasack
comments, “With secure, privacy-first identity frameworks
central to furthering accessibility and establishing trust in any
financial transactions, our partnership with letus marks another
way Trust Stamp’s versatile technology can optimize operational and
financial outcomes for both service providers and
consumers.
Trust Stamp looks forward to furthering our impact in the real
estate sector with letus as we continue to form value-added
partnerships with like-minded companies driving innovation, access,
and security.”
The partners were first introduced through NAR REACH, the global
technology accelerator program created by Second Century Ventures
(SCV) and backed by the National Association of REALTORS®. SCV
became Trust Stamp's first corporate partner and investor when they
participated in the Company's Pre-Seed round as part of the NAR
REACH class of 2016 and has continued to drive growth through
investment in Trust Stamp’s subsequent rounds of funding in 2017,
2020, and 2021.
With rapid uptake across North America in previous years, letus
participated in the inaugural REACH Canada class of 2020 as
RentMoola. Trust Stamp’s partnership with letus highlights SCV’s
proven success in accelerating transformative technology companies
in real estate and adjacent verticals and driving leading
innovations in financial services, compliance, and security for a
digitally transformed industry.
Dave Garland, Managing Director of Second Century
Ventures, says, "This partnership highlights the growing
impact of intersectionality between sectors throughout the entire
real estate ecosystem. Technology built in adjacent
industries, verticals or geographies will continue to drive
efficiency and advancement across the property industry, which is
the core of what our global Second Century Ventures and REACH
portfolios seek to serve."
Enquiries
Trust Stamp
Email: Shareholders@truststamp.ai
Gareth Genner, Chief Executive
Officer
Nisha Naik, Executive VP of Communications
Davy (Euronext Growth
Advisor)
Tel: +353 1 679 6363
Barry Murphy
Investor
Relations
Tel: +1 212-671-1021
Crescendo
Communications
Email: idai@crescendo-ir.com
About Trust Stamp
Trust Stamp, the Privacy-First Identity CompanyTM, is a global
provider of AI-powered identity services for use in multiple
sectors including banking and finance, regulatory compliance,
government, real estate, communications, and humanitarian services.
Its technology empowers organizations with advanced biometric
identity solutions that reduce fraud, protect personal data
privacy, increase operational efficiency, and reach a broader base
of users worldwide through its unique data transformation and
comparison capabilities.
Located in seven countries across North America, Europe, Asia,
and Africa, Trust Stamp trades on the Nasdaq Capital Market
(Nasdaq: IDAI) and Euronext Growth in Dublin (Euronext Growth: AIID
ID). Founded in 2016 by Gareth Genner and Andrew Gowasack, the
company now employs over 100 people.
About letus (previously RentMoola)
letus is a disruptive cloud platform offering flexible rent
payments with credit reporting to democratize access to
financial services through an Ecosystem of World-Class
Partners.
Safe Harbor Statement: Caution Concerning
Forward-Looking Remarks
All statements in this release that are not based on historical
fact are “forward-looking statements” including within the meaning
of the Private Securities Litigation Reform Act of 1995 and the
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. The information in this announcement may contain
forward-looking statements and information related to, among other
things, the company, its business plan and strategy, and its
industry. These statements reflect management’s current views with
respect to future events-based information currently available and
are subject to risks and uncertainties that could cause the
company’s actual results to differ materially from those contained
in the forward-looking statements. Investors are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date on which they are made. The company does
not undertake any obligation to revise or update these
forward-looking statements to reflect events or circumstances after
such date or to reflect the occurrence of unanticipated events.
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