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
- Website
- www.truist.com/
- Phone Number
- +1 **********
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
1st among 7106 active competitors
Employee Count
1,391 as on May 31, 2026
Similar Companies
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 |
|---|---|---|---|---|
TRUIST SECURITIES, INC. CIN: 580654 , United States, Active | Aug 15, 2018 | - | - | - |
TRUIST ADVISORY SERVICES, INC. CIN: 581043 , United States, Active | Aug 21, 2018 | - | - | - |
TRUIST INVESTMENT SERVICES, INC. CIN: 580676 , United States, Active | Aug 15, 2018 | - | - | - |
SUNTRUST BANKS INC CIN: 750556 , United States, Active | May 04, 1983 | - | - | - |
TRUIST FINANCIAL CORP CIN: 92230 , United States, Active | - | 55480 (As on Dec 31, 2022) | - | |
Sterling Capital Management LLC CIN: 63-1057974 , United States, Active | Dec 31, 2013 | - | - | - |
BB&T CIN: 56-093988 , Belgium, Active | - | 59000 (As on Dec 31, 2019) | - |
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
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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:
Filter 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 |
View details of Truist's funding rounds and investors
Truist's founders and board of directors
Founder? Claim ProfileTruist's employee count trend
Truist has 1,391 employees as of May 26. Here is Truist's employee count trend over the years:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Truist 1872, Charlotte (United States), Acquired | Commercial Bank that also provides other wealth management services | $900K | 74/100 | |
2nd | Citi 1812, New York City (United States), Public | Provider of financial services including banking, markets, international, and wealth management | - | 78/100 | |
3rd | KeyBank 1849, Cleveland (United States), Public | Provider of personal banking, small business, and wealth management services | - | 77/100 | |
4th | Bank of America 1998, Charlotte (United States), Public | Commercial bank and asset management firm | - | 76/100 | |
5th | United Bank for Africa 1949, Lagos (Nigeria), Public | Commercial bank | $7M | 75/100 | |
6th | Capital One 1988, Mclean (United States), Public | Provider of loans, credit cards, and savings services | - | 75/100 | |
7th | Huntington National Bank 1866, Shelton (United States), Public | Commercial bank | - | 74/100 | |
8th | First National Bank 1864, Pittsburgh (United States), Public | Commercial bank | $56.3M | 74/100 | |
9th | Charles Schwab 1971, El Paso (United States), Public | Commercial bank | - | 73/100 | |
10th | United Community Bank 1950, Blairsville (United States), Acquired | Provider of personal and business banking, mortgage, and wealth management services | $490M | 73/100 |
Looking for more details on Truist's competitors? Click here to see the top ones
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:
Filter 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) |
See all investments by Truist
Reports related to Truist
Here is the latest report on Truist's sector:
News related to Truist
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.
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Truist Foundation Announces $250,000 Grant for Hurricane Isaias ReliefPR Newswire•Oct 10, 2026•Truist
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Newmark Arranges $277M Loan for Urby/Rockpoint JV on Jersey City ApartmentsConnect Media•Aug 25, 2026•URBY, Rockpoint, Truist, Newmark
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Avantus Secures Tax Equity for Aratina 2 Solar-Storage Project in USARenewables Now•Aug 24, 2026•Avantus, Truist
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Truist Securities Appoints Craig Mineard Co-Head of TMT Investment BankingMetro Atlanta CEO•Jul 29, 2026•Truist
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