Tech

Background checks startup Konfir raises £ 1.6 million

RegTechInvestment

Konfir, a SaaS platform providing instant employment and income verifications, raised a preliminary round of £ 1.6 million.

The round was led by Triple Point ventures, who is supporting founder Chris Milligan for the second time, and was also supported by leading UK tech angels including Michael Pennington, Gumtree co-founder Duncan Tatton-Brown. , who sat on the boards of directors of Zoopla, Trainline and Loveholidays, along with the executives of Stripe.

Konfir is focused on background checks and says growth manager Steve O’Neil, co-founder of Security Watchdog – acquired by Capita Plc – has already helped the company create demand for up to one million verifications in the coming year. .

Employment checks are required in various events in consumers’ lives such as moving from work or home. Businesses and individuals face an administrative headache having to demonstrate, on average, three to five years of work experience.

This sensitive work data is currently being shared insecurely via email, PDF or phone calls.

“Completing the referencing process can take weeks and can significantly slow the hiring process,” said Oliver Harris, global MD of Page Outsourcing.

“What Konfir is doing via API should speed things up by providing direct access to the history that exists in other systems, rather than having to wait for email responses from previous employers.”

Konfir helps those who request audits, employers and the people themselves. It is launched in the UK at a time when changes to employment policy are being introduced, allowing for the use of trusted digital identities to conduct pre-employment checks and prove right to work.

Seb Wallace, investment manager at Triple Point Ventures, said: “Konfir is solving a major problem for employers and staff across Europe, at a time when hiring and retention are a key priority for companies. across the continent.

“Chris is an experienced and experienced founder in the human resources and labor industry. Having partnered with him on his previous business, we are thrilled to be working together again on Konfir and the promising opportunity it presents.

“Chris’s vision is compelling and our decision to support Konfir is testament to our trust in Chris and his proven ability as an entrepreneur.”

Background checks startup Konfir raises £ 1.6 million

Source link Background checks startup Konfir raises £ 1.6 million

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