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Konfir raises £2 million Seed round on it’s journey to become the UK’s de facto for employment verification
Konfir, the London-based fintech, has raised a £2 million Seed Round from new and existing investors including Triple Point, Love Ventures, Portfolio Ventures, and a range of angel fintech investors. The funding will be used to continue developing and expanding the use of Konfir’s employment and income verification technology, enabling people across Europe to progress seamlessly through life’s key events.
Konfir’s innovative platform provides businesses with access to instant employment and income verification services, streamlining the onboarding process for employers, landlords and lenders. The technology enables real-time verification, ensuring that information is always up-to-date and accurate by combining a range of proprietary data sources and algorithms.
Adrian Love, Co-Founder and General Partner at Love Ventures, commented “it’s crazy that there’s been no single source of instant employment and income data verification until now. This is especially pressing given the huge variety and volume of companies crying out for this crucial data validation when helping customers take on life’s big events; whether it’s getting a job, house, credit, or anything in between. We believe there’s no one better positioned to build this upstream aggregation platform than Chris and the exceptional team he’s assembled at Konfir.”
Since raising its Pre-Seed round in early 2022, Konfir has been a driver of change for employment verification in the UK. The majority of background screening companies have embraced the new technology, while leading employers have started to update their policies to allow individuals to take control of their data and easily share employment and income information when it’s needed.
Konfir’s CEO, Chris Milligan, expressed his excitement about the new funding round, stating that “the continued support of Triple Point and new investment from Love Ventures, Portfolio Ventures, and our group of angel investors is a testament to the growing demand for instant, consumer controlled employment and income verification in Europe. It’s estimated that 30% of the population currently manually verifies this information each year.
In a tough fundraising environment, I’m proud of our team’s execution over the last year resulting in this capital, which allows us to continue to develop the platform and provide more people with the tools they need to advance through life.”
Will Brooks, Partner at Portfolio Ventures, also commented on the investment, “We are excited to join Konfir’s journey and their mission to help people seamlessly progress through life. We are thrilled to be backing Chris and his team and believe their innovative employment and income verification technology has the potential to become the defacto way for individuals to manage their personal data and finances.”
Konfir’s employment and income verification technology is not only innovative, but also highly secure, with data protection at the forefront of its design. Konfir was the first employment and income Attribute Service Provider to certify against the UK’s Digital ID and Attributes Trust Framework and has recently received it’s ISO27001 certification.
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