Konfir, a B2B SaaS platform that gives quick employment and source of revenue verifications has raised a £1.6m pre-seed spherical led through Triple Level ventures, who’s backing founder Chris Milligan for a 2d time.
The spherical has additionally been supported through a protracted record of distinguished UK tech angels, together with Michael Pennnington, co-founder of Gumtree, Duncan Tatton-Brown who has sat at the board’s of Zoopla, Trainline and Loveholidays, together with executives from Stripe.
Konfir is the primary industry of its sort in Europe, curious about background checking. It has established promising traction for a industry of its level and has assembled an excellent control and advisory group of verification business professionals. Steve O’Neil, co-founder of Safety Watchdog (bought through Capita Plc), now Konfir’s Head of Expansion, has already helped the corporate construct call for for as much as 1 million verifications within the coming 12 months.
Employment verifications are required in quite a lot of client existence occasions reminiscent of transferring jobs or houses. Corporations and folks face an administrative headache having to end up on moderate both 3 or 5 years of labor historical past. This delicate employment knowledge is lately shared unsecurely by way of e-mail, PDF or on telephone calls. “The referencing procedure can take weeks to finish and will considerably grasp up the hiring procedure. What Konfir is doing by way of API will have to velocity the entirety up through offering direct get right of entry to to historical past that exists in different programs, as a substitute of getting to look forward to e-mail replies from earlier employers” mentioned Oliver Harris, International Managing Director – Web page Outsourcing.
Konfir is helping either side; the ones asking for verifications, the employers and the folks themselves. Following on from the luck of recent firms like Truework, Fort and extra traditionally Equifax in North The united states, Konfir is launching in the United Kingdom at a time the place adjustments to employment coverage are being presented, permitting depended on virtual identities for use to behavior pre-employment assessments and end up proper to paintings. With Konfir now automating employment verification, the overall hurdle of virtual and close to real-time recruitment can also be triumph over.
Chris Milligan, CEO, Konfir, mentioned: “It’s nice to be running with Seb and the group at Triple Level once more. I’m happy they’ve selected to make stronger Konfir as I’ve at all times discovered them useful. We’ve were given the makings of a thrilling corporate right here and our group is actually captivated with solving this archaic procedure. We’ve all been able one day the place we’ve needed to take care of proving our employment and as we emerge from the pandemic it’s actually essential to hurry up this procedure, and in flip the financial system. Obviously there may be a large number of alternative given the velocity of motion within the activity marketplace and pent up call for.”
Seb Wallace, Funding Supervisor, Triple Level Ventures, mentioned: “Konfir is fixing a serious problem for employers and team of workers throughout Europe, at a time when hiring and retention is a key precedence for companies around the continent. Chris is an skilled founder and a professional within the HR and employment sector. Having partnered with him in his earlier industry, we’re excited to paintings in combination once more on Konfir and the promising alternative it items. Chris’s imaginative and prescient is compelling and our choice to make stronger Konfir is testomony to our religion in Chris and his confirmed skill as an entrepreneur.”