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Credit checks, income checks, employment checks, all the grown-up money-related checks can strike fear into the heart of a prospective homebuyer, renter, job seeker or loan seeker.

But they鈥檝e got to be done, and consolidation of those services provides a competitive advantage for any credit reporting agency.

To that end, publicly held reporting giant announced Wednesday it has invested $24 million in equity funding in San Francisco-based to integrate the startup鈥檚 income and employment verification platform, according to

What is Truework?

Founded in 2017, Truework is an income and employment verification platform. The company has now raised a total of in funding over six rounds, according to Crunchbase data. Truework is funded by investors, including and .

In August, we reported that the company raised $50 million in a Series C. Chicago-based served as the round鈥檚 lead investor, according to

Whether this latest partnership could serve as a catalyst to a full-on acquisition of Truework by TransUnion remains to be seen. But it certainly puts the credit-reporting giant in a better position to compete with rival .

鈥淭ransUnion is a global leader in credit data and insights. Our partnership signals a new era for thousands of businesses and millions of consumers who will benefit from accurate and accessible income data paired with TransUnion鈥檚 deep product catalog,鈥� said CEO and co-founder of Truework, in a statement.

TransUnion also isn鈥檛 shy about acquisitions. The company has acquired organizations, according to Crunchbase data. Its most recent was for an undisclosed amount in February 2022.

And in the current market, an acquisition might be a startup鈥檚 best bet for success.

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