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The company can check past employment and education;; criminal databases;; and credit scores. We got an exclusive look at the 16-slide pitch deck it used to raise the funds.", "slideCount": 17, "companyName": "Veremark", "description": "Veremark;; a startup that catches people who lie on their CV;; has just raised $8.5 million. The company can check past employment and education;; criminal databases;; and credit scores. We got an exclusive look at the 16-slide pitch deck it used to raise the funds. A startup that catches people who lie on their CV has just raised $8.5 million from software investors Stage 2 Capital. London-based Veremark;; which was founded in 2019;; screens and verifies the credentials of job candidates. The company uses APIs that are plugged into criminal record databases;; right-to-work directories;; and that automate reach-outs to universities that help curtail time spent on vetting candidates. Veremark also allows candidates to access results via a digital \"passport;;\" lodged on the blockchain;; which can be tapped into for future use. Cofounder and CEO Daniel Callaghan devised the idea for the business after spending a decade across various roles at freelance marketplace firm Talmix and recruitment company Adecco Group. The \"low level of client satisfaction\" with existing background screenings or pre-employment checks had spurred him to create his own business;; he told Insider. It was also in part fueled by blockchain. \"We saw that there was a real opportunity to help people start owning their own career data and be able to re-share it as they wish;; which in turn minimizes the inconvenience;;\" Callaghan said. Instead of candidates having to redo repetitive checks;; Callaghan and his cofounders set about building a business \"to help the world trust faster.\" \"As you think about the bigger trends of people swapping jobs more frequently or being internationally mobile and so forth;; how do you make it super easy for them to prove exactly how good they are?\" he said. Traditionally;; HR reps manually send a chain of emails back and forth to previous employers;; universities;; and criminal databases;; Callaghan said. Veremark has built an online platform that connects with companies' hiring systems and can do 40 different checks across over 150 countries;; the company said. Companies select the checks they want to run and give Veremark the candidate's contact details. From there;; it contacts the candidate to get their consent on the data-gathering and runs checks to verify information on their CV and other information needed for the role. Veremark claims it can look at past employment and education;; confirming where people have worked and studied; it can check criminal databases and global sanctions; it can also check credit scores;; if the job is a financially-related role; and the right to work in a respective country. The platform shows both the company and candidate when checks are pending or completed;; improving candidate experience;; Callaghan said. A report revealing any data discrepancies is generated at the end;; which is given to the employer and the candidate as a blockchain-based data passport. Companies pay per check per candidate;; Callaghan said. The rise in remote work has been a boost;; he added;; as companies are now navigating international checks where they are unfamiliar with processes and regulation. Veremark targets mid-sized businesses and counts fintechs Wise and ComplyAdvantage as customers;; as well as corporates such as PepsiCo and BCG. The Series A was led by New York firm Stage 2 Capital;; with participation from European fund Samaipata;; also joined a new investor;; and existing investors Triple Point Ventures;; ACF Investors;; Vulpes;; and SOV. It brings the startup's total raised to $12.3 million. The fresh cash will be used to double the company's 75 headcount;; with roles mostly in tech and sales as it doubles-down on its offering. It is also on the hunt for acquisitions and wants to own the \"workplace trust\" category. Check out the 17-slide redacted pitch deck below.", "displayName": "Veremark", "publishDate": "2022-07-20", "roundSeries": "series_a", "articleTitle": "This startup catches people who lie on their CV through automated background checks. 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