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Veremark $3M Series B funding to Enhance CV Fraud Prevention

Veremark $3M Series B funding to Enhance CV Fraud Prevention

VermarkA leading provider of background screening services has secured $3 million in a pre-Series B funding round. The investment, led by Samaipata and Stage 2 Capital, aims to bolster Veremark's efforts in client acquisition and technology development, with participation from ACF Investors and Vulpes Investment.

Founded in 2018 by Angus Bankes, Daniel Braithwaite, Daniel Callaghan and Nick Johnston, Veremark offers a digital platform that simplifies the process of verifying the claims and credentials of potential employees worldwide, effectively CV Prevents fraud. The company's expansion into the APAC region through the acquisition of Employrite underscores its commitment to meet the evolving needs of its customers.

With a significant increase in valuation since its last funding round, Veremark counts major manufacturers such as OVO Energy, Wise, and Schneider Electric among its clients. The company's innovative solutions, including the recently launched Verepass—a blockchain-based career passport—empower candidates to own, manage, and share their verified credentials, enabling repeat The need for inspections is reduced and saves the business both time and money.

Daniel Callaghan, founder and CEO of Veremark, expressed his commitment to building trust in the hiring process and workplace environment, and highlighted funding to expand global reach and expand technology.

Jose Del Barrio, founder and managing partner of Samai Pata, emphasized Verimark's continued ability to attract and retain clients across sectors and geographies, positioning the company for further growth.

Tim Mills, managing partner of ACF Investors, praised Veremark's efficient solution for background screening, helping businesses make fully informed hiring decisions and meeting workplace compliance and screening standards. Referred to his role in redefining

Overall, the funding represents an important milestone for Veremark as it continues to innovate in the field of background screening and uphold its mission of promoting trust and integrity in the hiring process.

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