Home Business Matter £1.6m funding for UK’s prompt employment and revenue verification platform led by Triple Level Ventures

£1.6m funding for UK’s prompt employment and revenue verification platform led by Triple Level Ventures

£1.6m funding for UK’s prompt employment and revenue verification platform led by Triple Level Ventures

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Konfir, a B2B SaaS platform that gives prompt employment and revenue verifications has raised a £1.6m pre-seed spherical led by Triple Level ventures, who’s backing founder Chris Milligan for a second time.

The spherical has additionally been supported by an extended listing of distinguished UK tech angels, together with Michael Pennnington, co-founder of Gumtree, Duncan Tatton-Brown who has sat on the board’s of Zoopla, Trainline and Loveholidays, together with executives from Stripe.

Konfir is the primary enterprise of its variety in Europe, targeted on background checking. It has established promising traction for a enterprise of its stage and has assembled a powerful administration and advisory group of verification trade consultants. Steve O’Neil, co-founder of Safety Watchdog (acquired by Capita Plc), now Konfir’s Head of Development, has already helped the corporate construct demand for as much as 1 million verifications within the coming 12 months.

Employment verifications are required in varied client life occasions reminiscent of shifting jobs or properties. Firms and people face an administrative headache having to show on common both 3 or 5 years of labor historical past. This delicate employment knowledge is at present shared unsecurely by way of e-mail, PDF or on cellphone calls. “The referencing course of can take weeks to finish and may considerably maintain up the hiring course of. What Konfir is doing by way of API ought to velocity every thing up by offering direct entry to historical past that exists in different techniques, as a substitute of getting to attend for e-mail replies from earlier employers” mentioned Oliver Harris, World Managing Director – Web page Outsourcing.

Konfir helps all sides; these requesting verifications, the employers and the people themselves. Following on from the success of recent corporations like Truework, Citadel and extra traditionally Equifax in North America, Konfir is launching within the UK at a time the place modifications to employment coverage are being launched, permitting trusted digital identities for use to conduct pre-employment checks and show proper to work. With Konfir now automating employment verification, the ultimate hurdle of digital and close to real-time recruitment will be overcome.

Chris Milligan, CEO, Konfir, mentioned: “It’s nice to be working with Seb and the group at Triple Level once more. I’m happy they’ve chosen to assist Konfir as I’ve all the time discovered them useful. We’ve received the makings of an thrilling firm right here and our group is de facto captivated with fixing this archaic course of. We’ve all been ready in some unspecified time in the future 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 course of, and in flip the financial system. Clearly there may be plenty of alternative given the speed of motion within the job market and pent up demand.”

Seb Wallace, Funding Supervisor, Triple Level Ventures, mentioned: “Konfir is fixing a serious drawback for employers and workers throughout Europe, at a time when hiring and retention is a key precedence for companies throughout the continent. Chris is an skilled founder and an skilled within the HR and employment sector. Having partnered with him in his earlier enterprise, we’re excited to work collectively once more on Konfir and the promising alternative it presents. Chris’s imaginative and prescient is compelling and our determination to assist Konfir is testomony to our religion in Chris and his confirmed means as an entrepreneur.”

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