£1.6m funding for UK’s instant employment and income verification platform led by Triple Point Ventures

Konfir, a B2B SaaS platform that gives immediate employment and earnings 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, centered on background checking. It has established promising traction for a enterprise of its stage and has assembled a powerful administration and advisory staff of verification business consultants. Steve O’Neil, co-founder of Safety Watchdog (acquired by Capita Plc), now Konfir’s Head of Progress, has already helped the corporate construct demand for as much as 1 million verifications within the coming yr.

Employment verifications are required in varied shopper life occasions reminiscent of shifting jobs or houses. Corporations 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 presently shared unsecurely by way of e-mail, PDF or on telephone 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 pace every thing up by offering direct entry to historical past that exists in different programs, as an alternative of getting to attend for e-mail replies from earlier employers” stated 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 latest corporations like Truework, Citadel and extra traditionally Equifax in North America, Konfir is launching within the UK at a time the place adjustments 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 may be overcome.

Chris Milligan, CEO, Konfir, stated: “It’s nice to be working with Seb and the staff at Triple Level once more. I’m happy they’ve chosen to assist Konfir as I’ve at all times discovered them useful. We’ve acquired the makings of an thrilling firm right here and our staff is absolutely captivated with fixing this archaic course of. We’ve all been able sooner or later 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 economic system. Clearly there’s loads of alternative given the speed of motion within the job market and pent up demand.”

Seb Wallace, Funding Supervisor, Triple Level Ventures, stated: “Konfir is fixing a serious downside for employers and employees 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 knowledgeable 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 resolution to assist Konfir is testomony to our religion in Chris and his confirmed skill as an entrepreneur.”