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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 1479 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
- www.truist.com/
- Social
- Phone Number
- +1 **********
- Part Of
- frontstream.com
Key Metrics
Founded Year
1872
Location
Charlotte, United States
Stage
Acquired
Total Funding
$900K in 2 rounds
Latest Funding Round
Last Known Valuation
$15.5B as on Feb 20, 2024
Investors
Ranked
1st among 6880 active competitors
Employee Count
55,480 as on Dec 31, 2022
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 |
|---|---|---|---|---|
Aug 15, 2018 | - | - | - | |
Aug 21, 2018 | - | - | - | |
Aug 15, 2018 | - | - | - | |
May 04, 1983 | - | - | - | |
- | 55480 (as on Dec 31, 2022) | - | ||
Dec 31, 2013 | - | - | - | |
- | 59000 (as on Dec 31, 2019) | - |
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Truist's acquisition details
Truist got acquired by FrontStream on Mar 03, 2014.
Click here to take a look at Truist's acquisition in detail
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, CDVCA and Bay Capital Investment Partners.
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 | 1571653 | 3635243 | |
Oct 30, 2008 | $900K | Unattributed | 6346133 | 4116795 |
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Truist's founders and board of directors
Founder? Claim ProfileTruist'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:Uncover Truist's growth story! Sign up today!Access Tracxn on any website
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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 Tracxn score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Truist 1872, Charlotte (United States), Acquired | Provider of wealth advisory services | $900K | 77/100 | |
2nd | First Republic Bank 1985, San Francisco (United States), Acquired | Commercial bank | - | 75/100 | |
3rd | Investec 1974, London (United Kingdom), Acquired | Provider of global banking, investment, and wealth management services | - | 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 | - | 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
Filter this listTruist has made 40 investments in companies including Imprint and Duetti. 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:
News related to Truist
Filter this listMedia has covered Truist for a total of 236 events in the last 1 year, 94 of them have been about company updates and 21 about people movement.
•
Kratos Defense & Security Solutions Prices Public Offering of Common StockGlobeNewswire•Jun 26, 2025•Kratos, Baird, Academy Securities, Citizens Bank and 6 others
•
Nnn Reit, Inc. Prices Offering Of $500 Million Of 4.600% Senior Unsecured Notes Due 2031PR Newswire•Jun 25, 2025•National Retail Properties, BofA Securities, Wells Fargo, PNC and 9 others
•
Truist Financial Corporation (NYSE:TFC) Shares Acquired by Cornerstone Wealth Group LLCMarketBeat•Jun 24, 2025•Truist, CWG Advisors
•
Hilton Grand Vacations completes $300 million timeshare loan securitization
Investing•Jun 19, 2025•Hilton Grand Vacations, Wells Fargo, Deutsche Bank, Barclays and 3 others
•
Kimco Realty Announces Pricing of $500 Million Notes Due 2036GlobeNewswire•Jun 17, 2025•Kimco Realty, Wells Fargo, BNP Paribas, PNC and 12 others
•
Redwire Announces Offering of $200,000,000 of Common StockBusiness Wire•Jun 17, 2025•Redwire, Edge Autonomy, J P Morgan, BofA Securities and 4 others
•
Truist Appoints Charles Alston to Lead New Nonprofit Banking TeamGlobal FinTech Series•Jun 16, 2025•Truist
•
Cyndeo Wealth Partners LLC Acquires 10,559 Shares of Truist Financial Co. (NYSE:TFC)MarketBeat•Jun 16, 2025•Conway Capital, Truist
•
JLL Arranges $140M Loan for Refinancing of Long Island Apartment CommunityBetter Built by Barnes•Jun 10, 2025•JLL, Truist
•
Toll Brothers Prices $500,000,000 of Senior NotesGlobeNewswire•Jun 06, 2025•Toll Brothers, , BMO, Goldman Sachs and 8 others
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