Truecred
TrueCred is a SaaS digital credential platform that uses PKI cryptography and digital signatures to issue, store, and verify tamper-proof portable credentials for education, healthcare, workforce/HR, financial, and insurance organizations.
- Company typePrivate
- Founded2013
- HeadquartersWatchung, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Truecred does
TrueCred, operated by Accreditrust Technologies, LLC, is a SaaS-based digital credential processing platform founded in 2013 and headquartered in Alexandria, VA. Its offering is the first software service for issuing and exchanging portable, tamper-proof digital credentials, built on PKI cryptography and digital signatures that cryptographically bind issuer identity, ownership, and authenticity. The platform comprises four core products — TrueCred Processor (issuance and consumption of signed credentials), TrueCred Vault (long-term cryptographic storage), TrueCred Folio (White Label identity provider supporting Decentralized Identity), and TrueCred Publisher (display and verification widget) — plus the TrueCred eTranscript Processor for competency-based education and the BadgeSafe sub-brand for Open Badge Infrastructure compatibility. The firm holds W3C membership and contributes to the Credential Community Group and Verifiable Claims Task Force, positioning itself inside the open standards layer for verifiable digital claims.
The company serves five target verticals — Education (primary), Healthcare, Workforce/HR, Financial/Banking, and Insurance — addressing the problem of credential fraud in high-stakes contexts such as diplomas, professional licenses (DEA, NPI), and stock or insurance certificates. It monetizes through two intertwined streams: (1) SaaS/API licensing on multi-year enterprise contracts with quote-based pricing for credential issuers (universities, healthcare systems, employers), and (2) OEM/embedded White-label licensing of the TrueCred APIs and platform to application developers serving credentialing, instructional delivery, testing, HCM, and professional networking markets.
Go-to-market is API-first with an enterprise field-sales overlay targeting credential issuers and verifiers; demand generation is event-driven (IMS Global, EDUCAUSE, GSV/ASU, CES) supplemented by content marketing and an active social/community presence. The firm has raised one disclosed multimillion-dollar strategic investment — from healthcare compliance provider Verisys in April 2015 — and operates with 11–50 employees across US satellite offices. Competitive positioning rests on first-mover advantage in PKI-signed portable credentials, W3C/IMS Global standards leadership, and integrated issuance-to-verification workflows spanning the credential lifecycle.
Truecred firmographics
Firmographics- Name
- Truecred
- Legal name
- Accreditrust Technologies, LLC
- Website
- https://truecred.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TrueCred is a SaaS digital credential platform that uses PKI cryptography and digital signatures to issue, store, and verify tamper-proof portable credentials for education, healthcare, workforce/HR, financial, and insurance organizations.
- Ownership category
- akta.pro rank
Truecred industry classification
Industry- Product category
- Digital Credentialing Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Decentralized Identity (DID) & Verifiable Credentials (BPAMAEAJ)
- akta.pro secondary industries
- Transcript, Score Reporting & Verification/Credential Wallet Platforms (EDAFADAO), Device Identity & Certificate-Based Authentication (PKI) (BPAMAEAL), Decentralized Identity (DID) & Identity Wallets (DID methods, DIDComm, identity agents) (FSAPACAG), Secrets Management & Credential Vaulting (HDADAAAJ)
Keywords
Where Truecred is headquartered
LocationHeadquarters
- HQ city
- Watchung
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Truecred business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Licensing: Solution licensed to application developers who create decision-making tools for credential issuers, recipients, observers, and owners of digital credentials.
- API Licensing: Companies that offer credential processing, instructional delivery, testing, human capital management and professional networking applications license TrueCred APIs to process secure credentials.
- Enterprise Software Licensing: Licensing of TrueCred SaaS solution for organizations processing credentials at scale, including healthcare, education, and workforce sectors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise licensing model with quote-based pricing |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Truecred product offering
Product offeringCore offering
TrueCred is a SaaS platform for issuing, storing, authorizing, consuming, verifying, and displaying tamper-proof, portable, and independently verifiable digital credentials. It uses PKI cryptography, digital signatures, and decentralized identifiers (DID) to deliver standards-based, interoperable credentials for high-stakes use cases such as diplomas, professional licenses, and certifications across education, healthcare, workforce/HR, financial, and insurance sectors.
Product overview
TrueCred® is a comprehensive digital credential and badge platform providing a suite of SaaS tools for creating, issuing, storing, verifying, and displaying tamper-proof digital credentials. The platform architecture consists of four core products: TrueCred® Processor (for issuing and consuming signed credentials), TrueCred® Vault (secure long-term storage), TrueCred® Folio (White Label identity provider for credential curation), and TrueCred® Publisher (for credential display). The platform is complemented by the TrueCred™ eTranscript Processor for educational institutions and the BadgeSafe™ technology sub-brand. All products use cryptographic technology and standards-based approaches to ensure credentials are tamper-proof, portable, independently verifiable, and interoperable across systems.
Differentiator
Problem solved
Functional benefit
Brands
- TrueCred® Processor: Software tool for issuing and consuming signed digital credentials.
- TrueCred® Vault
- TrueCred® Folio
- TrueCred® Publisher
- BadgeSafe™
Products and services
- TrueCred Processor Software tool for issuing and consuming signed digital credentials (TrueCred), enabling organizations to create tamper-proof, verifiable, and interoperable digital badges.
- TrueCred Vault Secure, long-term storage system for issued digital credentials, enabling organizations and credential holders to store and manage TrueCred credentials over a lifetime with cryptographic protection.
- TrueCred Folio Customizable White Label identity provider service that enables credential holders to curate and manage their digital credentials, supporting W3C decentralized identity (DID) for privacy protection and portability.
- TrueCred Publisher Software that enables the submission, inspection, verification, and display of TrueCred digital credentials on websites and other platforms.
- TrueCred eTranscript Processor Standards-based, interoperable, and independently verifiable solution for the extended transcript market, designed for educational institutions offering traditional and competency-based education (CBE) programs.
- BadgeSafe Technology solution compatible with Mozilla's Open Badge Infrastructure (OBI) that validates open badges to ensure credentials can be verified, featuring a trust mark for authenticity.
- TrueCred API (Issuance, Storage, Authorization, Consumption, Verification, Display) API technology for issuing, storing, authorizing, consuming, verifying, and displaying tamper-proof digital credentials, licensed to application developers building decision-making tools for credential issuers, recipients, observers, and owners.
Quantifiable outcome
- Resume fraud costs employers over $600 billion annually
- +3 more outcomes
Companies that use Truecred
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles6 records
Truecred technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Truecred partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and supporting.
- Learning ObjectscoreLearning Objects collaborated with Accreditrust at EDUCAUSE 2015 Annual Conference (Booth #836) to showcase the TrueCred eTranscript Processor. Both companies are working together on the eTranscript extended transcript initiative for competency-based education.
- W3C (World Wide Web Consortium)coreAccreditrust is a member of W3C, working to create standards for digital credential processing and information-sharing. The company contributes to the W3C Credential Community Group and Verifiable Claims Task Force, leading the digital credential movement with a standards-based ecosystem utilized worldwide.
- IMS Global Learning ConsortiumcoreAccreditrust is an IMS Global Contributing Member and developed the TrueCred eTranscript Processor for the eTranscript Extended Transcript Project, a collaborative initiative with Competency-Based Education Network (CBEN) and partner AACRAO to create a paperless extended transcript for the 21st century.
- Educational Testing Services (ETS)coreAccreditrust is collaborating with W3C.org members including ETS, the world's largest private educational assessment organization, to develop next generation digital credentials. This collaboration is focused on advancing standards for credential verification and interoperability.
- Competency-Based Education Network (CBEN)coreCBEN partnered with IMS Global and Accreditrust on the eTranscript Extended Transcript Project to create a paperless extended transcript for competency-based education programs. Accreditrust developed the eTranscript Processor for this initiative.
- AACRAOsupportingAACRAO is a partner in the eTranscript Extended Transcript Project with CBEN and IMS Global. The initiative aims to create standards-based extended transcripts for 21st century education.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Truecred competitors and assessment
Company assessmentDirect peers
- Accredible: Accredible is a digital credential platform issuing certificates, badges, and diplomas for universities, associations, and enterprises. It is one of the most direct functional competitors to TrueCred on education credential issuance and verification.
- Parchment (Instructure): Parchment is a credential and transcript exchange platform now part of Instructure. It is a direct competitor in the education transcript and digital diploma segment — the same primary vertical as TrueCred's eTranscript Processor.
- Hyland Credentials (formerly Learning Machine): Hyland Credentials is a direct peer offering blockchain-anchored and W3C-verifiable digital credentials for education, workforce, and government use cases. Acquired by Hyland Software in 2022, it competes head-to-head with TrueCred on tamper-proof diploma and certificate issuance.
- National Student Clearinghouse: National Student Clearinghouse is the dominant U.S. provider of education verifications and electronic transcript exchange services to employers and institutions. It competes with TrueCred's verifier-side proposition in workforce/HR and education.
- Credly (a Pearson company): Credly is a leading digital credentialing platform issuing and verifying digital badges across enterprises, education, and professional certifications. Acquired by Pearson in 2022, it competes directly with TrueCred on API-based credential issuance and white-label identity wallets.
Emerging players
- Indicio: Indicio provides decentralized identity and verifiable credential infrastructure for travel, healthcare, and government. It overlaps with TrueCred on DID architecture and verifiable credentials but focuses on border-crossing and supply-chain use cases.
Others
- Sovrin Foundation: Sovrin Foundation operates a decentralized identity network and governance framework for self-sovereign identity. It is adjacent/complementary to TrueCred's Folio DID offering and an ecosystem participant shaping the DID standards TrueCred implements.
- Learning Objects: Learning Objects is an instructional delivery and competency-based education platform that partnered with TrueCred at EDUCAUSE 2015 to co-launch the eTranscript Processor. It is a partner/enabler in the education credential ecosystem rather than a direct competitor.
Broad incumbents
- Microsoft Entra Verified ID: Microsoft Entra Verified ID is a W3C-compliant verifiable credential platform integrated into Microsoft's identity stack. It is a broad incumbent that competes on enterprise-wide verifiable credential issuance and verification.
- IBM Digital Health Pass: IBM Digital Health Pass and IBM's broader verifiable credential offerings overlap with TrueCred on enterprise-scale, standards-based verifiable credentialing. IBM is a broad incumbent with much greater distribution and integration depth.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Truecred social profiles
Digital presenceTruecred financial estimates
Financial estimateRevenue estimate
Valuation estimate
Truecred leadership team
Management profileNumber of profiles
Profiles4 records
Truecred funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Truecred M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Truecred
What does Truecred do?
TrueCred is a SaaS platform for issuing, storing, authorizing, consuming, verifying, and displaying tamper-proof, portable, and independently verifiable digital credentials. It uses PKI cryptography, digital signatures, and decentralized identifiers (DID) to deliver standards-based, interoperable credentials for high-stakes use cases such as diplomas, professional licenses, and certifications across education, healthcare, workforce/HR, financial, and insurance sectors.
Is Truecred a public or private company?
Truecred is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Truecred founded?
Truecred was founded in 2013. It employs 11 to 50 people.
Where is Truecred based?
Truecred is headquartered in Watchung, United States, in the North America region.
How does Truecred make money?
Three revenue lines are on record. SaaS Licensing is the primary driver. The others are API Licensing and enterprise Software Licensing.
Who are Truecred's main competitors?
Direct peers on record are Accredible, Parchment (Instructure), Hyland Credentials (formerly Learning Machine), National Student Clearinghouse and Credly (a Pearson company). Indicio is listed as an emerging player. Others are Sovrin Foundation and Learning Objects. Broad incumbents are Microsoft Entra Verified ID and IBM Digital Health Pass.
Does Truecred have an API?
Yes. TrueCred® offers API technology for issuing, storing, authorizing, consuming, verifying, and displaying tamper-proof digital credentials. The API enables machine-to-machine technology that guarantees a digital credential's authenticity, who issued it, and to whom it belongs. The solution is licensed to application developers who create decision-making tools for issuers, recipients, observers, and owners of digital credentials. The TrueCred™ eTranscript Processor API allows educational institutions to issue, store, authorize, and consume digital credentials with verification and display capabilities.
What industry is Truecred in?
Truecred's product category is Digital Credentialing Software. Its primary akta.pro industry code is BPAMAEAJ, Decentralized Identity (DID) & Verifiable Credentials, with a secondary code of EDAFADAO, Transcript, Score Reporting & Verification/Credential Wallet Platforms. Its NAICS code is 518 and its SIC code is 7372.