Konfir – a UK-based B2B SaaS platform – has raised funding worth £1.6 million to improve its product, engineering, and go-to-market abilities.

A London-based SaaS platform providing income verifications and instant employment, Konfir raised £1.6M in funding. The lead investor for the pre-seed round funding is Triple Point Ventures. As far as we can tell, the company has launched its services in the UK first, but also aims for the rest of Europe in the near future.

Some prominent angel investors, including officials from Stripe, Michael Pennington (GumTree’s co-founder), and Duncan Tatton-Brown (who was a board member of Trailine, Loveholidays, and Zoopla), also contributed to the event.

Konfir aims to utilize the fund to advance its products, market capacities, and engineering while launching one of the most prominent background-checking solutions.  

Better hiring procedure, less hustle

Employment verification is needed in various customer life events like homes or moving jobs. Individuals and different organizations often go through hectic administrative efforts only to prove up to five years of professional work history.

Because these records are sensitive, they need to be shared safely instead of being sent through emails, phone calls, or PDFs.

Concerned with background checking, Konfir has launched the platform when a series of changes are introduced into employment policy, providing trusted online identities to conduct various checks before hiring.

Chris Milligan, founder/CEO of Konfir, had the following to say about the investment round: “It’s critical to speed up the process of employee verification and in turn the economy. Clearly, there is a lot of opportunities given the rate of movement in the job market and pent-up demand.”

Seb Wallace of Triple Point Ventures has the following comment about the investment his company made in Konfir: “Konfir is solving a major problem for employers and staff across Europe, at a time when hiring and retention is a key priority for businesses across the continent.” 

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