Konfir, a B2B SaaS platform that delivers instantaneous work and cash flow verifications has raised a £1.6m pre-seed spherical led by Triple Issue ventures, who is backing founder Chris Milligan for a second time.
The spherical has also been supported by a extensive record of well known United kingdom tech angels, including Michael Pennnington, co-founder of Gumtree, Duncan Tatton-Brown who has sat on the board’s of Zoopla, Trainline and Loveholidays, along with executives from Stripe.
Konfir is the 1st business enterprise of its form in Europe, targeted on qualifications checking. It has proven promising traction for a small business of its stage and has assembled an remarkable administration and advisory group of verification business experts. Steve O’Neil, co-founder of Protection Watchdog (obtained by Capita Plc), now Konfir’s Head of Expansion, has now assisted the enterprise make need for up to 1 million verifications in the coming year.
Work verifications are demanded in many purchaser lifetime situations these as relocating work or residences. Corporations and persons face an administrative headache owning to confirm on average either 3 or 5 several years of perform heritage. This sensitive work facts is presently shared unsecurely via e mail, PDF or on cell phone calls. “The referencing course of action can acquire months to finish and can noticeably hold up the hiring procedure. What Konfir is executing via API really should speed all the things up by giving direct accessibility to record that exists in other units, in its place of owning to wait around for email replies from former employers” claimed Oliver Harris, World wide Running Director – Website page Outsourcing.
Konfir can help all sides all those requesting verifications, the businesses and the people today on their own. Following on from the good results of new businesses like Truework, Citadel and much more historically Equifax in North America, Konfir is launching in the Uk at a time where by adjustments to work policy are being launched, allowing trustworthy digital identities to be utilised to conduct pre-employment checks and demonstrate correct to perform. With Konfir now automating employment verification, the closing hurdle of digital and in close proximity to actual-time recruitment can be get over.
Chris Milligan, CEO, Konfir, mentioned: “It’s good to be doing work with Seb and the team at Triple Issue once again. I am delighted they have preferred to assistance Konfir as I’ve generally identified them valuable. We have got the makings of an thrilling organization below and our workforce is truly passionate about fixing this archaic approach. We have all been in a place at some place in which we have had to offer with proving our employment and as we arise from the pandemic it is definitely vital to pace up this approach, and in turn the overall economy. Clearly there is a whole lot of prospect presented the price of motion in the occupation sector and pent up demand from customers.”
Seb Wallace, Financial commitment Supervisor, Triple Position Ventures, explained: “Konfir is resolving a key difficulty for companies and staff throughout Europe, at a time when hiring and retention is a crucial priority for firms throughout the continent. Chris is an experienced founder and an skilled in the HR and work sector. Obtaining partnered with him in his former company, we are energized to function collectively all over again on Konfir and the promising opportunity it offers. Chris’s eyesight is powerful and our decision to aid Konfir is testament to our religion in Chris and his confirmed ability as an entrepreneur.”