# Daniel Bilbao

> Daniel Bilbao is the co-founder and CEO of Truora Inc., a San Francisco-based identity verification and digital onboarding platform serving Latin America. Born in Cali, Colombia, Bilbao studied electronic engineering at Universidad de los Andes and earned an MBA from Tuck School of Business at Dartmouth before stints at Bank of America Merrill Lynch and Silicon Valley startups. He founded Truora in 2018 alongside David Cuadrado, Maite Muniz Telleria, and Cesar Pino, solving a problem he knew firsthand: background checks in Latin America took up to three weeks. Truora compresses that to under 20 seconds. The company has raised ~$40M in total funding including a $15M Series A led by Accel and BBVA's Propel fund in 2022, grew revenue to $32.1M in 2024, reached break-even, and expanded to seven countries. Beyond Truora, Bilbao co-founded Colombia Tech Week and the B2 Founders seed fund with his brother Andres Bilbao, co-founder of Rappi.

- **Role:** Co-founder & CEO at Truora Inc.
- **Organizations:** Truora Inc., B2 Founders, Colombia Tech Week, Y Combinator (alumni)
- **From:** Cali, Colombia
- **Nationality:** Colombian
- **Education:** Electronic Engineering, Universidad de los Andes, MBA, Tuck School of Business at Dartmouth College
- **Known for:** Built Truora to $32.1M revenue and break-even by 2024 with ~220 employees, Raised ~$40M total funding including $15M Series A at $75M valuation from Accel and BBVA Propel, Truora accepted into Y Combinator (as second company after Paladin Cyber)

## Career timeline

- **2003-2008** — Studied Electronic Engineering at Universidad de los Andes, Bogota, Colombia
- **~2015** — Completed MBA at Tuck School of Business, Dartmouth College
- **2015-2017** — Investment Banking at Bank of America Merrill Lynch, New York
- **2017-2018** — Joined a Silicon Valley startup to gain tech ecosystem experience
- **2018** — Co-founded Paladin Cyber (later Upfort), a cybersecurity startup that went through Y Combinator
- **2018** — Co-founded Truora Inc. alongside David Cuadrado, Maite Muniz Telleria, and Cesar Pino
- **2018** — Co-founded B2 Founders seed fund with brother Andres Bilbao
- **2019** — Truora accepted into Y Combinator; expanded to Chile and Mexico
- **2020-2021** — Expanded Truora to Brazil, Peru, Puerto Rico; launched WhatsApp onboarding product
- **2022-04** — Raised $15M Series A led by Accel and Propel (BBVA's fintech fund) at $75M valuation
- **2022** — Truora became Meta's WhatsApp Business Solutions Provider
- **2023** — Co-founded Colombia Tech Week; joined board of Trii and Frubana
- **2024** — Truora reached $32.1M annual revenue and break-even with 220 employees
- **2025** — Truora recognized with 'Excellence in Innovation - Digital Security and Identity Solutions South America 2025'

## Achievements

- Built Truora to $32.1M revenue and break-even by 2024 with ~220 employees
- Raised ~$40M total funding including $15M Series A at $75M valuation from Accel and BBVA Propel
- Truora accepted into Y Combinator (as second company after Paladin Cyber)
- Became Meta's official WhatsApp Business Solutions Provider
- Recognized with Global Banking and Finance Review 'Excellence in Innovation - Digital Security and Identity Solutions South America 2025'
- Co-founded Colombia Tech Week, now expecting 15,000+ attendees and 300+ global investors in 2025
- Co-founded B2 Founders seed fund focused on Latin American fintech and AI startups
- Expanded Truora to 7 countries across Latin America and the United States
- Reduced background check processing time from up to 3 weeks to under 20 seconds

## Latest updates

- **2025-01** — Truora recognized with 'Excellence in Innovation - Digital Security and Identity Solutions South America 2025' by Global Banking and Finance Review
- **2024-12** — Truora closed 2024 with $32.1M revenue, 60% YoY growth, and reached break-even status
- **2024-10** — Colombia Tech Week 2025 announced for Bogota and Medellin, expecting 15,000+ attendees and $50M in facilitated investments
- **2024-06** — Truora continued expanding WhatsApp business solutions for banks and fintechs across Latin America
- **2022-04** — Raised $15M Series A led by Accel and Propel (BBVA's fintech fund) at $75M post-money valuation

## Links

- Website: https://truora.com
- LinkedIn: https://www.linkedin.com/in/danielbilbao
- Twitter/X: https://twitter.com/ddbilbao
- Facebook: https://www.facebook.com/truora/

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Profile page: https://yespress.io/daniel-bilbao
Published by YesPress — https://yespress.io
Last updated: 2026-05-27