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Truist - About the company

Truist is an acquired company based in Charlotte (United States), founded in 1872. It operates as a Commercial Bank that also provides other wealth management services. Truist has raised $900K in funding, with last known valuation of $*****. The company has 7106 active competitors, including 198 funded and 1447 that have exited. Its top competitors include companies like Citi, KeyBank and Bank of America.

Company Details

It offers a range of banking services, including savings accounts, credit cards, mortgages, small business and commercial banking. It also provides wealth management services and other banking services to SMEs
Social
X
Phone Number
+1 **********
Part Of
Key Metrics
Founded Year
1872
Location
Charlotte, United States
Stage
Acquired
Total Funding
$900K in 5 rounds
Latest Funding Round
Last Known Valuation
$***** as on Feb 20, 2024
Investors
Ranked
Employee Count
1,391 as on May 31, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by FrontStream (Mar 03, 2014)

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 5 rounds. Its latest funding round was a Series E round on Dec 12, 2010 for $*****. 4 investors participated in its latest round. Truist has 7 institutional investors.

Here is the list of recent funding rounds of Truist:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Dec 12, 2010
7587900
Series E
9713603
2107510
9451988
1663097
Aug 20, 2009
9573593
Grant (prize money)
8268268
7147449
1986936
Oct 30, 2008
4188620
Unattributed
9071346
6504096
2273005
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Truist's founders and board of directors

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Truist's employee count trend

Truist has 1,391 employees as of May 26. Here is Truist's employee count trend over the years:
Employee count trend for Truist
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Truist's Competitors and alternates

Top competitors of Truist include Citi, KeyBank and Bank of America. Here is the list of Top 10 competitors of Truist, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Truist
Truist
1872, Charlotte (United States), Acquired
Commercial Bank that also provides other wealth management services
$900K
74/100
2nd
Logo for Citi
Citi
1812, New York City (United States), Public
Provider of financial services including banking, markets, international, and wealth management
-
78/100
3rd
Logo for KeyBank
KeyBank
1849, Cleveland (United States), Public
Provider of personal banking, small business, and wealth management services
-
77/100
4th
Logo for Bank of America
Bank of America
1998, Charlotte (United States), Public
Commercial bank and asset management firm
-
76/100
5th
Logo for United Bank for Africa
United Bank for Africa
1949, Lagos (Nigeria), Public
Commercial bank
$7M
75/100
6th
Logo for Capital One
Capital One
1988, Mclean (United States), Public
Provider of loans, credit cards, and savings services
-
75/100
7th
Commercial bank
-
74/100
8th
Logo for First National Bank
First National Bank
1864, Pittsburgh (United States), Public
Commercial bank
$56.3M
74/100
9th
Logo for Charles Schwab
Charles Schwab
1971, El Paso (United States), Public
Commercial bank
-
73/100
10th
Logo for United Community Bank
United Community Bank
1950, Blairsville (United States), Acquired
Provider of personal and business banking, mortgage, and wealth management services
$490M
73/100
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Truist's Investments and acquisitions

Truist has made 50 investments in companies including Imprint and esVolta. Truist has also acquired 3 companies including Long Game and Service Finance.
Here is the list of investments & acquisitions:lockFilter this list
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Aug 26, 2026
Investments
2020
New York City (United States)
Jun 08, 2026
Investments
2017
Aliso Viejo (United States)
May 13, 2026
Investments
2010
Michigan (United States)
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See all investments by Truist

Reports related to Truist

Here is the latest report on Truist's sector:

News related to Truist

lockFilter this list
Media has covered Truist for a total of 135 events in the last 1 year, 62 of them have been about company updates and 13 about people movement.
•
Truist Wealth Appoints New Leadership for Georgia MarketMetro Atlanta CEO•Sep 29, 2026•Truist
•
Truist names Shirley Morejon Tennessee regional presidentNashville Post•Aug 24, 2026•Truist
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