TruthEngine Secures Funding to Combat Online Review Fraud

The investment was spearheaded by automotive and technology entrepreneur Tom Wood, backed by a syndicate of industry veterans including former Google executive Julian Persaud and barrister Andrew Thornton KC. This capital injection is earmarked for the enhancement of the company’s proprietary authentication technology and the expansion of its footprint across the financial services, telecommunications, and retail sectors.

CEO Daniel Mohacek emphasized that the current regulatory landscape, particularly under the UK’s DMCC Act, creates significant financial exposure for non-compliant firms. With regulators like the CMA now empowered to impose fines reaching 10% of global turnover for misleading consumer practices, businesses are increasingly seeking independent verification tools. TruthEngine’s platform aims to provide the forensic visibility required to identify review manipulation at the branch or franchise level before it escalates into a systemic legal liability.