4 years ago

Veremark Secures £2 Million to Combat Global CV Fraud with its HRtech Solution

  • London-based HRtech startup Veremark has raised £2 million in an oversubscribed seed funding round

  • The company offers a pre-employment screening service that helps businesses verify employee credentials globally

  • Veremark will use the funding to expand its market presence and further develop its platform, which includes an API for integration with other services

  • The company has experienced significant growth, exceeding 800% in the last 12 months.

      • ProblemFinancial Services

      "Employee credential fraud is a major problem for organisations, with a quarter of all CVs being fraudulent and almost half of all people claiming to have a new PhD having a fake degree."

      Solution

      "Veremark provides a digital-first solution that instantly lets companies order a wide range of checks like employment history, academic, criminal and credit records checks anywhere in the world, reducing the need for time-wasting and repetitive checks and saving clients upwards of 50% of traditional delays and costs."

      Covered on