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Background check provider Checkr is acquiring income and employment verification startup Truework, Truework’s CEO Ryan Sandler confirmed via LinkedIn on Thursday.
“Over the past 8 years we have grown an incredible team to over 100 employees, raised 5 funding rounds, called 6 different offices home, operated across 3 cities, had 2 name changes – and most importantly– helped millions of consumers get approved for homes and apartments,” Sandler wrote in his post.
Founded by Sandler, Ethan Winchell and Victor Kabdebon in 2017, San Francisco-based Truework is backed by Sequoia Capital, Khosla Ventures, Activant Capital and others. The company has raised a little over $125 million and, per PitchBook, was most recently valued at around $480 million.
Truework, recognized as a HousingWire 2025 Tech100 Mortgage Winner, recently announced the appointment of Randy Lightbody as its head of mortgage, a position that the company described as being “newly created.”
Sandler continued, “Truework now services thousands of customers from the smallest family-owned businesses to 8 of the 10 largest mortgage lenders in the country, including Rate, PennyMac, and Fairway. We have gotten to this scale only because we are obsessed with giving our customers the highest completion rate and accuracy in the industry.”
Also based in San Francisco, Checkr is led by CEO and co-founder Daniel Yanisse and provides an artificial intelligence and machine learning platform, as well as background check solutions.
Yanisse told Axios that Checkr was last valued at $5 billion and will continue to be an active acquirer in the space. He also confirmed that while Checkr has a pre-existing employment verification product, Truework’s AI and automation use “simplifies” verification.
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