Veremark is using blockchain technology to review and analyse CVs, helping companies to hire with greater confidence.
Founders: Angus Bankes, Daniel Braithwaite, Daniel Callaghan
Founded: 2020
Website: veremark.com
With the post-pandemic Great Resignation causing mass movement in the jobs market, hiring trusted team members these days is no easy feat. Veremark aims to tackle this quandary, by providing an online background-checking platform that helps employers vet potential candidates quickly and securely.
Created in 2020 by founders Daniel Braithwaite and Daniel Callaghan, Veremark is a straightforward screening solution that can be tailored to any industry and role. It allows businesses to choose from an extensive range of checks, from identity checks to bankruptcy checks and beyond, to make sure no inappropriate candidates slip through the cracks.
The tech start-up allows users to access their results through a ‘Career Passport’, which is logged on the digital ledger, encrypting the records with an extra layer of safety and security
Veremark uses APIs connected to criminal record databases and right-to-work directories to streamline their checks. But the real reason the company is standing out from its competitors, is its innovative use of blockchain technology.
The tech start-up allows users to access their results through a ‘Career Passport’, which is logged on the digital ledger, encrypting the records with an extra layer of safety and security.
And investors are taking note. Since its launch in 2020, the startup has received millions of pounds in funding from investors around the world — from Australia to the UAE.
This seed funding, combined with winning major enterprise brands like Pepsi, BCG and Schneider Electric, has helped Veremark grow by 800% in 2021, and a further 400% in 2022, stapling its position in the human resource market.
For a company founded in 2020, this sudden rise to prominence is very impressive. And with Veremark looking to achieve unicorn status, and be listed on NASDAQ, in the next five years, it’s likely that the company’s glory days are still yet to come.
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