As More Services Move To The Application, and That More Companies That Rely On Labor demand are global, there is a growing need for companies in the space demand to simplify the way entrepreneurs are examined and reduce the amount of time it takes to get them on board.
A startup based in the UK called Onfido wants to help automate the process of doing background checks in this new economy, on demand. With this goal in mind, the company raised $ 4.5 million in Series A funding to help it grow in new markets, particularly the US
Founded in 2012, Onfido allows companies to quickly verify the identity of workers and conduct audits of criminal and other background required. Instead of manual checks as most traditional agencies, Onfido created a platform that automates the collection of data, which can speed up the hiring and on-boarding.
Companies give candidates a link, through which they record personal information and documentation to verify their identity. Once Onfido has this information we can go further in the criminal history or conduct of a candidate, depending on what is needed for a given job.
The need to accelerate more effective controls, background came to the point that companies hire contractors quickly to demand. Uber, for its part, says it's bringing 50,000 new partners on board each month. And in many cases, workers are applying for jobs with several different services.
To accelerate its expansion into new markets, the company raised $ 4.5 million in Series A tower financing was led by European venture capital Wellington Partners, with participation from CrunchFund (Disclosure: TechCrunch founded by founder Michael Arrington) and Lastminute.com co-founder Brent Hoberman, co-founder Driver Nicolas Brusson, co-founder onefinestay Greg Marsh, co-founder Artfinder Spencer Hyman, former CEO of Google UK Dan Cobley.
Onfido currently controls in 28 countries across Europe and has attracted more than 400 customers in these territories, including American demand services like Handy and Homejoy for their operations abroad. With funding, Onfido plans to develop seven other countries by the end of the year, including several new European markets and also in the United States
In doing so, Onfido will go up against some of the existing players. In addition to traditional agencies, there are also startups like Checkr here who also moved to automate the background check and provide an API for hiring. (Checkr, for what it's worth, raised $ 9,000,000 to address the same problem.)
But check the bottom of the market is probably big enough for several players - and it's growing fast. Just as there is more than a company that provides rides on demand, and there is more than one company doing the cleaning services on demand, there will probably be multiple services that these potential customers turn to.
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