Trunomi

Trunomi develops a platform that empowers businesses to manage customer data with transparency and consent, fostering trust in the digital economy. Its technology allows organizations to demonstrate precisely what customer data they hold and for what purpose, facilitating compliance and stronger relationships. The platform focuses on giving customers control over their personal information while enabling businesses to navigate an evolving regulatory landscape effectively.

Stuart Lacey founded Trunomi in 2013, driven by the insight that individuals possess fundamental rights to their personal data. His vision was to leverage new technology to rebalance the relationship between businesses and customers, centering it on trust and transparency in an increasingly digital world. Lacey brought two decades of leadership experience from global financial and technology markets to this endeavor, shaping the company’s foundational approach to data privacy.

The company primarily serves businesses seeking to cultivate trusted relationships with their clientele by offering clarity on data practices to customers, shareholders, and regulators. Trunomi’s overarching mission is to equip businesses with the tools to become champions for their consumers, ensuring data transparency and control, and ultimately simplifying life within a complex data privacy environment.

High-Level Overview

Trunomi is a RegTech company that provides an Enterprise Privacy Platform focused on customer consent, data rights management, and personal data permissioning to help businesses comply with global privacy regulations like GDPR and KYC requirements[1][2][3][4]. It builds solutions such as TruHub for enterprise onboarding and TruMobile, a customer-facing app that enables secure sharing of personally identifiable information (PII) in the financial sector, solving the challenges of data privacy, compliance, and trusted customer relationships[3][4]. Founded in 2014, Trunomi has raised approximately $16.3 million in funding, positioning it as a leader in fintech data management with strong growth in regulatory compliance tools[2][4].

The platform serves financial institutions and enterprises needing to manage customer data permissions efficiently, addressing pain points in consent tracking and regulatory adherence amid rising data privacy demands[1][3][5].

Origin Story

Trunomi was founded in 2014 by Stuart Lacey, who serves as its current CEO, with a focus on reinventing identity and personal data management in fintech[1][2]. The company's emergence aligned with the growing need for data permissioning solutions as regulations like GDPR loomed, enabling businesses to handle customer consent and rights properly[1][3]. Early traction included recognition in the FinTech 50 and a $3.5 million funding round in 2018 to scale its customer consent platform, marking a pivotal moment in its evolution toward global compliance tools[1][3]. Leadership expanded with figures like Bill Guttman as Chairman, bringing expertise from international development and private equity via Saturn Partners[6].

Core Differentiators

• Advanced Compliance Technology: Trunomi's platform goes beyond basic solutions, offering comprehensive tools for global data privacy regulations, KYC, and data sharing, favored by enterprises for its robust handling of consent and PII[4][5].
• Dual-Sided Solutions: TruHub streamlines enterprise onboarding, while TruMobile empowers customers to control and share their data, fostering trust and enabling financial institutions to leverage PII securely[4].
• Fintech Focus and Scalability: Tailored for the financial industry, it has raised $16.3M and supports rapid global expansion, enhanced by networks like YPO for accelerated growth[4][7].
• Leadership and Network: Backed by experienced executives like CEO Stuart Lacey and Chairman Bill Guttman, with ties to private equity and international orgs, providing strategic depth[2][6].

Role in the Broader Tech Landscape

Trunomi rides the wave of RegTech growth, driven by escalating global privacy regulations (e.g., GDPR, CCPA) and the need for compliant data handling in fintech amid rising cyber threats and consumer demands for control[1][3][4]. Its timing is ideal post-2014 founding, coinciding with Bitcoin tracing needs and broader blockchain compliance trends, positioning it alongside leaders like Chainalysis in fighting financial crime through better data intelligence[4]. Market forces like increasing regulatory scrutiny and data silos favor Trunomi, as it influences the ecosystem by enabling secure collaboration, reducing silos, and helping institutions build trusted customer relationships—accelerating fintech adoption of privacy-first tech[3][4][7].

Quick Take & Future Outlook

Trunomi is poised to expand its Enterprise Privacy Platform as AI-driven data use and new regulations (e.g., evolving AI privacy laws) amplify demand for advanced permissioning[4][5]. Trends like zero-trust data models and decentralized identity will shape its path, potentially boosting adoption in non-fintech sectors. Its influence may grow through partnerships and further funding, solidifying its role in compliant, customer-centric data ecosystems—reinforcing its mission to reinvent personal data management from the outset[1][6].