Trustap Raises $3.4M in Seed Funding

$3.4m seed funding was provided to Trustap, a Cork-based digital transaction platform that enables end-to-end transactions.

MiddleGame Ventures was the leader of the round, with Act and Atlantic Bridge joining in.

The company plans to use the funds for global expansion and the rollout new features.

Trustap’s CEO and founder, Conor Lyden is leading the way. Trustap offers both buyers and sellers a transparent, secure, and milestone-based transaction platform. Buyers can follow the transaction from beginning to end. Funds are held securely until all milestones are met and the buyer is satisfied. Likewise, sellers have transparency over where funds are being sent, verification of the Buyer’s identity, as well as neat features to collect and ship the item in question.  Trustap partnered with several large marketplaces worldwide in 2021, including Mudah (the largest Malaysian marketplace) and Preloved.  Preloved has partnered with Trustap to provide access to Preloved, a classified advertising website in the UK that offers 500+ categories.

The company has witnessed rapid take-up of their services over the last 12 months, more that tripled its workforce, and lives in over forty countries around the world. It has offices in the UK, Croatia and the USA.

Trustap is available to buyers and sellers via the Mobile App or Desktop.

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